Motorola unit 'offers mobility' for Lenovo
By Gao Yuan | China Daily | Updated: 2014-01-30 07:36
Lenovo Group Ltd's purchase of the Motorola Mobility business, a money-losing subsidiary owned by Google Inc, will give the Chinese company advantages in exploring the global tablet and smartphone markets, analysts said.
The comments came after Lenovo said that it will announce a "major acquisition deal" on Thursday.
The deal, worth at least $2 billion, will include a large volume of mobile communications patents currently held by the US company, a person familiar with the matter told China Daily.
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