Lenovo To Acquire Motorola's Mobility Smartphone Business
Lenovo is setting itself up to be a one-stop-shop for servers, PCs, tablets, laptops and smartphones with this week's deal to acquire Motorola Mobility's smartphone business from Google for $2.91 billion.
News of the pending acquisition comes just one week after Lenovo struck a deal to acquire IBM's x86 server business for $2.3 billion.
Observers said the smartphone deal with Google positions Lenovo as an end-to-end IT vendor that could compete with Hewlett-Packard and Dell. Lenovo partners said the acquisition paves the way for them to enter the smartphone market, while solution providers that work with Samsung and other vendors now have a reason to give Lenovo another look.