Lenovo/Motorola Deal is Finalized
Lenovo announced Thursday that its deal to acquire Motorola Mobility from Google has been finalized.
The combination makes Lenovo the #3 maker of smartphones in the world.
“Today we achieved a historic milestone for Lenovo and for Motorola - and together we are ready to compete, grow and win in the global smartphone market. By building a strong number three and a credible challenger to the top two in smartphones, we will give the market something it has needed: choice, competition and a new spark of innovation,” said Yang Yuanqing, chairman and CEO, Lenovo, said in a statement.