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Slide #93. Lenovo — Motorola Mobility from Google
Motorola Mobility from Google (NASDAQ:GOOG)
Lenovo (HKSE: 992) (ADR: LNVGY) and Google (NASDAQ:GOOG) today have entered into a definitive agreement under which Lenovo plans to acquire the Motorola Mobility smartphone business. With a strong PC business and a fast-growing smartphone business, this agreement will significantly strengthen Lenovo's position in the smartphone market. In addition, Lenovo will gain a strong market presence in North America and Latin America, as well as a foothold in Western Europe, to complement its strong, fast-growing smartphone business in emerging markets around the world.
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Strong Buy (3.85 out of 4)