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Google to sell Motorola unit to Lenovo for $2.91 bn

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(GlobalPost/GlobalPost)

Google announced Wednesday it signed a deal to sell its struggling smartphone unit Motorola to Chinese tech giant Lenovo for $2.91 billion.

"Lenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem," Google chief executive Larry Page said in a joint statement announcing the deal.

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http://www.globalpost.com/dispatch/news/afp/140129/google-sell-motorola-unit-lenovo-291-bn-0