Motorola has announced today that the Motorola Lenovo deal is finalized, and Motorola is now owned by Lenovo, the company announced the news in a blog post.
Lenovo purchased Motorola from Google in a deal which was worth $2.91 billion, which was made of of $660 million in cash and $750 million in stock, the rest of the $1.5 billion is being paid to Google over the next three years.
Over the past two years we have transformed Motorola by focusing on what matters most — consumers. We’ve made huge strides in bringing the mobile Internet to millions of people around the world and improving their lives through exceptional technology, experiences and value. While we’re proud of the progress we’ve made, we recognize that there is still much more we can achieve — in innovation, reach and impact.
In Lenovo we have a partner that shares our mission and that brings global scale, a diverse product portfolio and a track record of seizing strategic opportunities and making the most of them. Together we will go farther, faster. With an impressive portfolio of smartphones, wearables and PCs, our two companies will be uniquely positioned to push the boundaries of choice and value, and bring exciting new experiences to people everywhere.
You can find out more details about the Motorola and Lenovo deal over at the Motorola blog at the link below, we are looking forward to seeing what new devices the company launches now it is owned by Lenovo.