Lenovo Completes Acquisition of Motorola Mobility from Google

Lenovo has completed the $2.91 billion acquisition of Motorola from Google today. The deal, which was announced in January, comes just three years after Google itself shelled out $12.5 billion to buy the phone-maker.

Now a Lenovo subsidiary, Motorola will continue to be based out of Chicago with offices worldwide. Motorola Mobility President Rick Osterloh will retain in his position following the deal, with Liu Jun, Lenovo’s executive vice president and president of its Mobile Business Group, becoming chairman of the Motorola board.

Writing on Motorola’s company blog, Osterloh made a point of explaining that it will be business as usual despite the change in ownership:

“The iconic Motorola brand will continue, as will the Moto and DROID franchises that have propelled our growth over the past year. We will continue to focus on pure Android and fast upgrades, and remain committed to developing technology to solve real consumer problems. And we will continue to develop mobile devices that bring people unprecedented choice, value and quality.”

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