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FACTBOX: Goodbye Moto! Google Sells Handset Unit To Lenovo

posted 30 Jan 2014, 03:10 by Mpelembe   [ updated 30 Jan 2014, 03:11 ]

Reuters Business  Report  - Google has sold its Motorola handset unit to China's Lenovo for $2.9 billion.

This is Lenovo's second big U.S. deal in a week. It also agreed to buy IBM's low-end server business for $2.3 billion.

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Google paid $12.5 billion for Motorola in 2012.

A 'vast majority' of the firm's patents will stay with Google.

The deal will help Lenovo compete in developed markets with Samsung and Apple.

But selling Moto may also mean a tighter Google/Samsung relationship.