Lenovo Close to $3 Billion Deal to Buy Motorola from Google

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Update: This story is now official. Google will be selling Motorola to Lenovo. Here's a link to the official press statement from Google: Lenovo to Acquire Motorola Mobility from Google ? Investor Relations ? Google

This almost sounds like an April Fool's Joke, but we are nowhere near April. According to multiple reports from major news organizations like Reuters, CNBC and others, Lenovo may actually be in final talks with Google to purchase Motorola for $2.91 Billion USD. According to "sources close to the matter" this would be Lenovo's way of buying themselves into the lucrative but difficult to break into U.S. smartphone market. Here's a quote with more of the details,

Lenovo is in the final stages of talks to buy the Google division that includes smartphones Moto X and Moto G as well as certain patents, and an announcement could come as soon as Wednesday, the people said.

The Chinese firm will use a combination of cash and stock as well as deferred payments to finance the deal with Google, the people said, asking not to be named because the matter is not public.

Lenovo is being advised by Credit Suisse Group while Lazard Ltd advised Google on the transaction, the people said.

This came way out of left field and blind-sided us, but in many ways doesn't seem that surprising. From the beginning, Google really only wanted...

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