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Lenovo Group, Motorola Mobility Merger Approaching End
[September 22, 2014]

Lenovo Group, Motorola Mobility Merger Approaching End


(Sinocast Computers & Electronics Beat (China) Via Acquire Media NewsEdge) BEIJING, September 22, SinoCast -- Mobile phone teams of Lenovo Group will move into Beijing headquarters of Motorola, signaling that merger between both sides declared at the end of January 2014 is approaching an end.



On January 30, Lenovo Group declared to acquire mobile service of Motorola for USD 2.9 billion, which is still pending approval in different countries and territories.

Earlier, president of Mobile Internet and Digital Home Business Group (MIDH) revealed at a release conference for quarterly financial report that the merger is going on smoothly and is expected to be completed within 2014.


Quarterly turnover of Motorola Mobility reached USD 1.7 billion, with corresponding sales volume surpassed 8 million and losses greatly narrowed, let alone the company also launched serial new products, including MOTO 360 smart watch winning acknowledgment.

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