Lenovo Buys Google's Motorola Unit for $2.9 Billion

Google announced on Wednesday that it has sold its Motorola smartphone business to PC manufacturer Lenovo for $2.9 billion.

Google bought the Motorola division in 2012 for $12.5 billion

See also: 25 Best Free Android Apps

“Lenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem," Google CEO Larry Page said in a press release. "This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere."

Page detailed in an official Google blog post it acquired the division in 2012 "to help supercharge the Android ecosystem by creating a stronger patent portfolio for Google and great smartphones for users." Read more...

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via Mashable http://ift.tt/1jKEWc9