Lenovo continues buying spree with $2.9bn Motorola deal

Lenovo buys lossmaking Motorola from Google, gaining a foothold into the handset market in the US and Latin America.

Lenovo, the world’s largest PC maker, continued its buying spree on Thursday, buying the Motorola handset business from Google for $2.9 billion. Less than a week ago, the Chinese company struck a deal to acquire IBM’s low end server unit for $2.3 billion.

The deal will enable Lenovo to jump into the US handset market, according to analysts, an area it lacks a presence in. It also transforms Lenovo into the third largest mobile maker in the world, after Apple and Samsung. 

Lenovo, which is better known for its laptops and PCs, has been trying to expand its product offering amid a sluggish PC market,...

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