News Articles

Thursday, October 30, 2014

Lenovo completes its acquisition of Motorola Mobility from Google

Lenovo’s acquisition of the Motorola Mobility business from Google has been completed, nine months after the $2.91 billion (£1.8 billion) deal was first announced.

It means Lenovo is now the world’s third largest producer of smartphones, with a portfolio that includes the ‘Moto’ and ‘Droid’ brands, and is responsible for almost 3,500 new employees.

The Motorola mobile business will be operated by Lenovo as a wholly-owned subsidiary and will keep its headquarters in Chicago.

Yang Yuanqing, Lenovo’s chairman and CEO, said “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. This partnership has always been a perfect fit. Lenovo has a clear strategy, great global scale, and proven operational excellence. Motorola brings a strong presence in the U.S. and other mature markets, great carrier relationships, an iconic brand, a strong IP portfolio and an incredibly talented team.  This is a winning combination.”

Motorola veteran Rick Osterloh, who was appointed as the company’s president and chief operating officer in April, will remain in his role.

[Motorola blog]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 1582

Tags: usamotorolagooglesmartphonelenovo

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«October 2016»
MonTueWedThuFriSatSun
262728293012
3456789
10111213141516
17181920212223
24252627282930
31123456

Archive

Terms Of Use | Privacy Statement