M&A Deal Summary

Lenovo Group Acquires Motorola Mobility

On January 29, 2014, Lenovo Group acquired technology hardware company Motorola Mobility from Google for 2.9B USD

Acquisition Highlights
  • This is Lenovo Group’s 3rd transaction in the Technology Hardware sector.
  • This is Lenovo Group’s largest (disclosed) transaction.
  • This is Lenovo Group’s 4th transaction in the United States.
  • This is Lenovo Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2014-01-29
Target Motorola Mobility
Sector Technology Hardware
Buyer(s) Lenovo Group
Sellers(s) Google
Deal Type Divestiture
Deal Value 2.9B USD

Target

Motorola Mobility

Schaumburg, Illinois, United States
Motorola office in Sunnyvale, California.
Motorola office in Sunnyvale, California.
Motorola Mobility LLC is a manufacturer of smartphones and other mobile devices. The Company was formed in 2011 as a divestiture from Motorola in 2011.

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Buyer(S) 1

Buyer

Lenovo Group

Quarry Bay, China
Category Company
Founded 1984
Sector Technology Hardware
Employees69,500
Revenue 56.9B USD (2024)
DESCRIPTION
Lenovo Group's office in Santa Clara, California.
Lenovo Group's office in Santa Clara, California.

Lenovo Group is a provider of IT hardware. The Group engages primarily in the manufacturing and sale of desktop computers, notebook computers, mobile handsets, servers and peripherals. Lenovo Group was founded in 1984 and is based in Quarry Bay, China.

DEAL STATS #
Overall 6 of 8
Sector (Technology Hardware) 3 of 4
Type (Divestiture) 2 of 3
State (Illinois) 1 of 1
Country (United States) 4 of 6
Year (2014) 1 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-24 Stoneware

Carmel, Indiana, United States

Stoneware is a manufacturer of cloud computing and classroom management software. Stoneware’s Unified Cloud Platform allows IT to provide users with access to their files, applications, and reports from a universal webDesktop.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 Scale Computing

Indianapolis, Indiana, United States

Scale Computing provides edge computing, virtualization, and hyperconverged solutions, Scale offers its HC3 platform integrating servers, storage, virtualization, and management in a single automated system that is surprisingly easy to use and self-healing. The solution dramatically lowers the barriers and costs involved in keeping applications running in a highly available, scalable manner. Scale Computing was founded in 2007 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

Google

Mountain View, California, United States
Category Company
Founded 1998
Sector Internet Software and Services
Employees190,234
Revenue 307.4B USD (2023)
DESCRIPTION
View of Google's corporate campus in Mountain View, California.
View of Google's corporate campus in Mountain View, California.

Google is a global provider of search and advertising services. In addition to its search engine, Google offers online tools and platforms including: Gmail, Google Apps, Google Maps, and YouTube. Google was incorporated in 1998 and is based in Mountain View, California.

DEAL STATS #
Overall 2 of 7
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 2 of 6
State (Illinois) 1 of 1
Country (United States) 2 of 6
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-26 DeepMind

London, United Kingdom

DeepMind is an artificial intelligence company based in London.We combine the best techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms.

Buy $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-16 SlickLogin

Palo Alto, California, United States

SlickLogin is a provider of authentication systems and tools.

Buy -
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