Millet Encounter God reversal: Lenovo top to become the global mobile phone third

October 30, Lenovo Group announced the completion of the acquisition of Motorola Mobile. Lenovo CEO Yang Yang told the media that after the acquisition was completed, Lenovo became the world's third-largest mobile phone brand. Yang said that after 9 months of efforts, and Motorola's marriage has finally been completed, today Lenovo began to become the world's third-largest mobile phone manufacturers. He said that through acquisitions, Lenovo won a wealth of patents and licensing, business will be faster, two companies highly matched, complementary to each other, Motorola will become Lenovo's new engine, and eventually become the world's leading brand. In the future, Lenovo is a participant in every market. Notably, IDC, the world's two leading research institutions, and strategy Analytics, respectively, published a Q3 survey of the global smartphone market and released the top five list of shipments and market share. Millet mobile phones are ranked third in the world, followed by Samsung and Apple, but with Lenovo and Motorola successful marriage, the rankings changed. Lenovo will operate Motorola in the form of a wholly owned subsidiary, and its headquarters will continue to be based in Chicago, USA. After the completion of the acquisition, Lenovo executive vice president and mobile business Group president Liu June will be the Motorola Mobile Management Committee chairman. Motorola Senior executive Rick Osterloh will continue to serve as Motorola's president and chief operating officer. Google will retain ownership of most of Motorola's mobile patent portfolios, and Motorola will have access to these rich patent portfolios and other intellectual property rights. Motorola will hold more than 2000 patent assets, a large number of patent cross licensing agreements and Motorola Mobile brand and trademark portfolio. The deal, which totals about $2.91 billion trillion, has been approved by regulators in the US, China, the European Union, Brazil and Mexico, and has been approved by the US Overseas Investment Commission (CFIUS), Lenovo's fifth time since 2005 to get the US Overseas Investment Commission to buy US companies.