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Google selling Motorola phone business to Lenovo
Google is selling Motorola Mobility's smartphone business to Lenovo Group for $2.9 billion
Associated Press
2014-01-30 06:42 AM

SAN FRANCISCO (AP) -- Google is selling Motorola Mobility's smartphone business to Lenovo Group for $2.9 billion.

Google is keeping most of Motorola's patent portfolio. Google Inc. bought the patents and phone business for $12.4 billion in May 2012. Under Google, Motorola has lost nearly $2 billion and trimmed its workforce from 20,000 to about 3,800.

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