Beijing-based Lenovo recently announced its plans to acquire two major businesses. The company picked up Motorola Mobility from Google for $2.91 billion. It also purchased IBM’s server business for $2.3 billion, Lenovo previously purchased the company’s PC division back in 2005 for $1.25 billion. The idea behind these acquisitions is to accelerate Lenovo’s growth in these particular market segments. Lenovo has said that it won’t shy away from writing more cheques in the future for additional acquisitions.
Lenovo Will Continue Acquiring Companies To Accelerate Growth original content from Ubergizmo.