So far this is a Reuters exclusive but seems pretty certain. Bit of a pity...Google has been getting new life into Motorola with the release of the excellent Motorola Moto G and Moto X.
Update: It's confirmed. Lenovo has paid $2.91b for Motorola's mobile division. Sad.
(Reuters) - China's Lenovo Group is nearing a deal to buy Google Inc's Motorola handset division for close to $3 billion, according to people familiar with the matter said on Wednesday, buying its way into a heavily competitive U.S. handset market now dominated by Apple Inc.Lenovo is in the final stages of talks to buy the Google division that includes smartphones Moto X and Moto G as well as certain patents, and an announcement could come as soon as Wednesday, the people said.
The Chinese firm will use a combination of cash and stock as well as deferred payments to finance the deal with Google, the people said, asking not to be named because the matter is not public.
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