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China: Google unloads troubled Motorola Mobility

 |  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.

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

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