Google selling Motorola phone business to Lenovo
The Associated Press January 29, 2014 4:19PM
The Motorola plant located at 600 N. Highway 45 in Libertyville. | Thomas Delany Jr.~ Sun-Times Media
Updated: January 30, 2014 8:02AM
SAN FRANCISCO — Google is selling Motorola Mobility’s smartphone business to Lenovo Group for $2.9 billion.
Google is keeping most of Motorola’s patent portfolio. Google Inc. bought the patents and phone business for $12.4 billion in May 2012. Under Google, Motorola has lost nearly $2 billion and trimmed its workforce from 20,000 to about 3,800.
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