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Lenovo nearing $3 billion deal for Motorola's handset business
1/29/2014 9:26:00 PM
According to several sources Lenovo is nearing a rather stunning deal that would put Motorola's cellphone business in its pocket for roughly $3 billion. Google snatched up Motorola back in 2011 for $12.5 billion. Since then it's slowly broken the company up, scaled back its device lineup and added its massive pile of patents to its legal arsenal. Now, after losing money for several years straight, Mountain View is reportedly preparing to offload the division on Chinese computer giant Lenovo.
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