Chinese Hardware giant Lenovo came to forefront of world’s business attention when it bought IBM's PC client business in 2005. It bought IBM's ailing low-end server business in last month.
Now Lenovo has signed an agreement with Google to buy Motorola Mobility for $2.91bn in a combination of cash and stock. This would be $9.5bn less than Google paid for the acquisition of Motorola Mobility in August 2011.
This will give the Chinese vendor a major presence in the US smartphone market because its bid to acquire Blackberry last year came to a naught. Motorola is still a strong brand in the Americas.
