page_title: Lenovo
section_title: Motorola Mobility
hierarchical_section_title: Lenovo / History / Mergers, acquisitions, and partnerships / Motorola Mobility
caption_attribution_description: Moto X (1st generation)
context_page_description: Lenovo Group Limited, often shortened to Lenovo, is a Hong Kong based Chinese multinational technology company. It is headquartered in Quarry Bay, with additional operational headquarters in Morrisville, North Carolina and Beijing. The company designs, develops, manufactures, and sells personal computers, tablet computers, smartphones, workstations, servers, electronic storage devices, IT management software, and smart televisions, and is the world's largest personal computer vendor by unit sales as of March 2019. It also markets the ThinkPad and ThinkBook business lines of notebook computers; IdeaPad, Yoga, and Legion consumer lines of notebook laptops; and the IdeaCentre and ThinkCentre lines of desktops.
  Lenovo has operations in over 60 countries and sells its products in around 160 countries. It has research centers in Beijing, Chengdu, Yamato, Shanghai, Shenzhen, and Morrisville, and also has Lenovo NEC Holdings, a joint venture with NEC that produces personal computers for the Japanese market.
  Lenovo was founded in Beijing in November 1984 as Legend, and was incorporated in Hong Kong in 1988.
context_section_description: On 29 January 2014, Google announced it would sell Motorola Mobility to Lenovo for US$2.91 billion. When Google and Lenovo first announced the acquisition of Motorola, they said the purchase would be funded with $660 million in cash, $750 million in Lenovo stock, and a $1.5 billion promissory note due in three years. As of February 2014, Google owns about 5.94% of Lenovo's stock. The deal includes smartphone lines like the Moto X and Moto G and the Droid Turbo. Lenovo also got the future Motorola Mobility product roadmap. Google will retain the Advanced Technologies & Projects unit and all but 2,000 of the company's patents. Lenovo will receive royalty free licenses to all the patents retained by Google.
  Lenovo has stated that Motorola was purchased in large part due to its long-standing relationships with cellular network operators in the United States and the United Kingdom. Lenovo previously had difficulty breaking into the United Kingdom due to the high proportion of customers who sign contracts and receive phones from carriers. A Lenovo executive said, "There are lots of reasons why we bought Motorola but primarily because it has a history of distribution in the UK. Motorola has long and established relationships with routes to market in North America and the UK, where people are tied to their network operator."
  Lenovo received approval from the European Union for its acquisition of Motorola in June 2014. In a statement the European Union said, "The Commission concluded that the proposed acquisition would not raise competition concerns in relation to smart mobile devices (smartphones and tablets), given the limited market position of the parties and the presence of other strong suppliers in the market." At the time of the EU approval Lenovo said it was on track to win final approval of the merger in the United States.
  The acquisition was completed on 30 October 2014. Motorola Mobility will remain headquartered in Chicago, and continue to use the Motorola brand, but Liu Jun, president of Lenovo's mobile device business, became the company's leader.
caption: Motorola Moto X
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