Google is selling its Motorola Mobility unit to Lenovo for $2.9 billion. BuzzFeed's president and COO Jon Steinberg; and CNBC's David Faber and Jon Fortt, share their opinions.
Google is selling its Motorola Mobility unit to Lenovo for $2.9 billion. CNBC's Jim Cramer says "Google can do no wrong" right now.
Some of the names on the move ahead of the open.
Peter Hortensius, Lenovo Business Group president and incoming chief technology officer, discusses his business' focus on the mobile phone, and its purchase of Google's Motorola Mobility handset business.
Neil Campling, global TMT analyst at Aviate Global, expects Facebook to trade higher in 2014 due to the group's advertising revenues growth and comments on the Google-Lenovo deal.
Wong Waiming, CFO, Lenovo, explains how the firm plans to benefit from Motorola's market exposure and licensing agreements.
In response to Lenovo's acquisition of Motorola's handset unit, Steve Zhang, Research Analyst at Macquarie, describes how both Lenovo and Google stand to lose from the deal.
Google is selling Motorola Mobility's smartphone business to Lenovo Group for $2.9 billion.
CNBC's Jon Fortt reports Larry Page has confirmed Google will sell Motorola Mobility Unit to Lenovo for $2.91 billion.
CNBC's Kayla Tausche reports Lenovo has neared a deal to buy Google's Motorola Mobility Unit for around $3 billion. CNBC's Herb Greenberg, Seema Mody, Jane Wells, and Eamon Javers weigh in.
A week after selling its server business unit to Lenovo, IBM is now exploring the sale some of its networking assets and may be seeking as much as a $1 billion.
China's domestic 4G smartphone market is set for 1,500 percent growth in shipments this year, according to IHS Technology.
Global smartphone shipments climbed 38.4 percent last year, research firm IDC said.
Asian equity markets stabilized on Tuesday following two straight sessions of sharp losses but caution prevailed ahead of a Federal Reserve meeting.
Second-tier smartphone markers are closing the gap on rival Apple, capturing a collective market share close to that of the iPhone maker in 2013.
Steven Pelayo, Regional Head of Technology Research, Asia-Pacific at HSBC, says firms exposed to China's developing smartphone market will see higher relative growth.
Gene Cao, Senior Analyst at Forrester Research, says Lenovo is poised to be China's largest service provider, after acquiring IBM's low-end server business for 2.3 billion dollars.
Thursday's midday movers:
China's Lenovo is to buy IBM's x86 low-end server business in a deal valued at $2.3 billion.
Lenovo is nearing an agreement to buy IBM's low-end server business for $2-2.5 billion, countering the shrinking personal computers market.