Google has agreed to sell its Motorola Mobility division to Lenovo, marking a rapid retreat after less than two years in the handset business.
The deal values the business at $2.91bn in cash, stock and deferred payments, the companies said, and is set to leave Google with a stake of around 5 per cent in the Chinese hardware maker.
Google’s $12.5bn acquisition of Motorola in May 2012 marked the high point in the smartphone patent bubble, as the internet company raced to make up for a shortage of intellectual property that had left its Android mobile ecosystem vulnerable to legal attack.
您已閱讀39%（590字），剩余61%（911字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。