Lenovo Scoops Up Google’s Motorola, Global Presence To Increase

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Lenovo Scoops Up Google’s Motorola, Global Presence To Increase

Nomura Global Markets Research analysts Leping Huang, David Hao and Zhuoran Wang rate Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) (HKG:0992) as a Buy as the company will get a global footprint by acquiring Motorola Mobility.

On 30 Jan, Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) (HKG:0992) announced that it will acquire Motorola Mobility from Google Inc (NASDAQ:GOOG) for USD2.91bn and hosted a conference call to discuss its strategy and vision for this acquisition. The deal is subject to approval by both US and Chinese authoritie