Latest in Acquisition

Image credit:

It's official: Lenovo owns Motorola

Daniel Cooper, @danielwcooper
October 30, 2014
Share
Tweet
Share

Sponsored Links

The cash has been handed over, the contracts are signed and the lawyers are sipping champagne, which can only mean that Lenovo's deal to buy Motorola has been completed. The purchase makes Lenovo the world's third-largest smartphone maker, and the Chinese company has been quick to promise not to meddle. The outfit has pledged to keep Motorola based in Chicago, and CEO Rick Osterloh will keep his job at the head of the table. What will change, is that Motorola will now be able to sell its devices in Lenovo's Asian and European strongholds, which should help the pair meet its pledge to sell 100 million smartphones and tablets this year. The pair have also pledged to return Motorola to profitability by mid-2016, which seems a lot more plausible with a stable of devices that include the Nexus 6, Droid Turbo and Moto 360.

In this article: Acquisition, google, lenovo, Motorola, Purchase
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

The best games for Nintendo Switch

The best games for Nintendo Switch

View
Netflix’s ‘Space Force’ spoof starring Steve Carell arrives on May 29th

Netflix’s ‘Space Force’ spoof starring Steve Carell arrives on May 29th

View
See every square foot of asteroid Bennu, Earth's little frenemy

See every square foot of asteroid Bennu, Earth's little frenemy

View
Stadia Pro is free for two months starting today

Stadia Pro is free for two months starting today

View
Rocket Lab proves it can recover a rocket in mid-air

Rocket Lab proves it can recover a rocket in mid-air

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr