The cash has been handed over, the contracts are
signed and the lawyers are sipping champagne, which
can only mean that Lenovo's deal to buy Motorola has
been completed. The purchase makes Lenovo the
world's third-largest smartphone maker, and the
Chinese company has been quick to promise not to
meddle. The outfit has pledged to keep Motorola based
in Chicago, and CEO Rick Osterloh will keep his job at
the head of the table. What will change, is that
Motorola will now be able to sell its devices in
Lenovo's Asian and European strongholds, which
should help the pair meet its pledge to sell 100 million
smartphones and tablets this year. The pair have also
pledged to return Motorola to profitability by
mid-2016, which seems a lot more plausible with a
stable of devices that include the Nexus 6, Droid Turbo
and Moto 360.
Via : Re/Code
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