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Motorola Mobility changes hands

January 30, 2014

Google is selling Motorola's smartphone business to Lenovo for $2.9 billion, a price that leaves little doubt that Google's biggest acquisition turned out to be an expensive mistake. The deal announced Wednesday will rid Google Inc. of a financial headache that has plagued the Internet company since buying Motorola Mobility for $12.4 billion in 2012.

Source: http://www.dailyherald.com/article/20140129/business/701299746/
 
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