Lenovo’s acquisition of Motorola Mobility has finally come to a close. Lenovo acquired Motorla Mobilty from Google, who purcahsed the compnay in 2011 for a cool $2.9 billion. The deal allows Lenovo a licence for Motorola’s portfolio and other intellectual property while Google hangs on to a number of Motorola patents.
As excited as we are about what’s changing, we’re also pleased with what we are carrying forward with us. We will be a wholly owned subsidiary of Lenovo and remain headquartered in Chicago’s Merchandise Mart while maintaining offices around the world, including in Silicon Valley. The iconic Motorola brand will continue, as will the Moto and DROID franchises that have propelled our growth over the past year. We will continue to focus on pure Android and fast upgrades, and remain committed to developing technology to solve real consumer problems. And we will continue to develop mobile devices that bring people unprecedented choice, value and quality.
Motorola will maintain its headquarters in Chicago.