Lenovo to buy Google's motorola for $ 2.91.

Deal ends Google's shot lived foray into making consumer mobile devices.Lenovo last week said it would buy IBM's end server business for $ 2.3 billion.

Lenovo has agreed to buy Google's motorala handset division for $ 2.91 billion   in what is China's largest ever tech deal as lenovo buys it;s way into   a heavely competitive US handset market domanated by APPLE.

T he deal needs Googles short lived foray into making costumer mobile devices and marks a pullback from its largest ever scquisition . Google paid $ 12.5 billion for motorola in 2012. under this deal the search giant will keep the majority of motorala's mobile patents,considered its price assets .

it is lenovos second major date on US soil in a week as the Chinese electronics Company  to get a foothold  in major global computing markets . lenovo last week said it would buy IBM's   low - end server business for $2.3 billion  shares of googles climbed 2.6 per cent to about $ 1,136 in after hours trading   . Google chief excutive larry page said that google would be best served by focusing on smartphone software rather than devices.

The purchase will give lenovo a beach head to complete against Apple and Samsung Electronics  as well as increasingly aggressive chinese smartphone makers in the highly  lucrative US arena. 

The deal is subject to approval by both US and Chinese authorities...... 

For motorola, lenovo will play $ 660 million in lenovo ordinary shares ,and another $ 1.5 billion in the form of a 3 year promissory note,Lenovo and Google said in a joint statement..........

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