“HELLO MOTO” is now “FOR THOSE WHO DO”
SAN FRANCISCO: on October 30 2014, Yang Yuanquing led Lenovo closed the deal with Google, wherein it purchased Motorola Mobility for $2.91 BN and 6% of Lenovo shares. The iconic Motorola brand will continue working as a subsidiary of Lenovo. With this deal, Lenovo has climbed up the ladder and is now the third largest smartphone maker, after Samsung and Apple.
Back in early 2012, Google bought Motorola Mobility for $12.5 BN, with the intention of acquiring portfolio of company’s patents, so that it could provide adequate protection to Android vendors, from lawsuits.
Lenovo has added 3,500 members to its family. This has significantly raised expectations for broad choices of devices at compelling prices.
Motorola headquarters will remain in Chicago and Rick Osterloh continues working as CEO .He also stated “We will continue to focus on pure android and fast upgrades, and remain committed to developing technology to solve real consumer problems”