This afternoon, Lenovo Group officially announced on its official website that its acquisition of Motorola Mobile had been approved by governments of various countries, and Motorola Mobile officially became Lenovo Group's asset. After the acquisition, nearly 3500 employees of Motorola, 2000 patents, Motorola's mobile brand and trademark portfolio, and cooperation with more than 50 operators worldwide will all belong to Lenovo Mobile Business Group.

The total acquisition amount of this transaction is about 2.91 billion US dollars (with some adjustments after the delivery), including about 660 million US dollars in cash, and 519107215 newly issued Lenovo common shares (with a total value of 750 million US dollars, accounting for 4.7% of Lenovo shares) have been handed over to Google at the completion of the transaction. The remaining $1.5 billion will be paid in three-year promissory notes. In addition, Lenovo has paid Google about $228 million in additional cash compensation, which is mainly the cash and working capital held by Motorola at the time of delivery.

This transaction complies with all regulatory provisions and all general terms and practices required for the completion of the transaction, including the approval of regulators in the United States, China, the European Union, Brazil and Mexico, and the approval of the Committee on Foreign Investment in the United States (CFIUS) This is the fifth time that Lenovo has been approved by the Committee on Foreign Investment of the United States to acquire an American company since 2005.

News link on official website: //appserver.lenovo.com.cn/About/DetailPage.aspx?news_id=4404&intcmp=H20141030_1