Google announced on Wednesday that they’re selling the Motorola Mobility to the known PC maker Lenovo for $2.91 billion, which includes the brand as well as its current handsets. The deal is awaiting approval from the regulatory authorities in both the U.S. and China.
Recently, Lenovo’s CEO Yuanqing Yang said there ambitions about what the company want to do with this acquisition, and it’s to surpass Apple and Samsung, during an interview with CNN Money. Additionally, he also shared some more details about the Motorola deal.
“We are very complementary to each other. Together we can win in the smartphone industry. I wish we could sell more than 100 million smartphones together in the year 2015. I think the team here is very motivated and understands that we are very complementary. Lenovo currently has China and emerging markets. They have the U.S., Latin America, and a little bit of the European market. We are both committed to innovation. They have very strong engineering capabilities and very good relationships with carriers. So this combination is perfect,” Yang said when he spoke to Motorola employees at the company’s headquarters in Chicago.
Yang described the Motorola deal as an “interesting love story” and said the company were even interested in the company long time back as well. As of now, the company hasn’t decided what they’re going to do as the Motorola’s manufacturing facilities are based in the US.
Yang said, “We haven’t made a final decision. In my understanding, Motorola does customization of phones [in the U.S.]. If that is what the market needs, we will definitely keep that. It is a good model, so we may replicate that in other markets.”
Lenovo has some high hopes with Motorola, and with the acquisition, it will become the third largest smartphone manufacturer. Head over to the source link below to read the complete interview and share your thoughts.