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Lenovo to buy Google’s Motorola in China’s largest tech deal

30
Jan
2014

By Nadia Damouni, Nicola Leske and Gerry Shih NEW YORK/SAN FRANCISCO (Reuters) – Lenovo Group said on Wednesday it agreed to buy Google Incs Motorola handset division for $2.91 billion, in what is Chinas largest-ever tech deal as Lenovo buys its way into a heavily competitive U.S. handset market dominated by Apple Inc. It is Lenovos second major deal on U.S. soil in a week as the Chinese electronics company angles to get a foothold in major global computing markets. Lenovo last week said it would buy IBMs low-end server business for $2.3 billion. The deal ends Googles short-lived foray into making consumer mobile devices and marks a pullback from its largest-ever acquisition. Google paid $12.5 billion for Motorola in 2012.

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