China's Lenovo to buy Motorola Mobility for nearly $3 billion
Motorola Mobility, the Libertyville-based cell phone business with a longtime Chicago pedigree, will have Chinese ownership, under a deal announced Wednesday afternoon. Google, which owns Motorola Mobility, said it will sell the smartphone business to Lenovo for $2.91 billion. It is China's largest-ever tech deal and Lenovo's second major buy on U.S. soil in as many weeks. Lenovo last week said ..