A PYMNTS Company

China: Google unloads troubled Motorola Mobility

By  |  January 29, 2014

China-based Lenovo is reportedly planning to acquire Motorola Mobility, currently owned by Google, in a $3 billion deal, according to sources.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Google and Lenovo are said to be in the final stages of a merger as Google looks to unload the troubled company that has played as a financial burden since it acquired the mobile unit in 2012.

    The buyout was made for $12.5 billion, then the largest-ever acquisition for Google.

    Lenovo is in the midst of a merger spree having announced last week that it plans to acquire IBM in a $2.3 billion deal – then the largest tech merger in China’s history.

    Sources say Lenovo may announce the Motorola buy as early as today.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.