Post date: Jan 30, 2014 11:10:26 AM
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.
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.