â€” Nadia Damouni (@NadiaSpeaks) January 29, 2014
Motorola Solutions Inc. (NYSE:MSI) separated the mobile technology division of its company in February 2010, and Google purchased Motorola Mobility in August 2011 for $12.5 billion, its largest ever purchase. Since then, Motorola has been a losing venture for Google, costing the Mountain View, Calif.-based company $258 million in the third quarter of 2013.
The sale could mean the end of Google's attempt at manufacturing its own smartphones and tablets.
None of the companies involved have made a statement yet, but Lenovo has said that it will make an announcement regarding a “major acquisition” Thursday morning in Beijing.
Lenovo announced last week that it also plans to purchase IBM Corp.’s x86 server unit for $2.3 billion, pending government approval.
Google just released the Moto X, Motorola's first mobile device since Google acquired the company, in August.