![]() Motorola over the last two months has unveiled a number of strong products, including a revamped Moto X and Moto G, the Nexus 6 for Google, as well as Tuesday's debut of the Droid Turbo for Verizon Wireless. While Motorola will be run as a separate business, it will be able to take advantage of Lenovo's supply chain and sales force. The company also reiterated its goal of getting Motorola back to profitability within four to six quarters. Jun said he expects to sell more than 100 million mobile devices in the fiscal year ending March - including smartphones and tablets. The research firm said the two businesses will benefit from increased scale, deeper distribution channels and bigger marketing and R&D budgets, but must contend with a slowdown in growth at Lenovo and Motorola's continued losses. The combined operations will have 8 percent of the global smartphone market, making it the third-largest smartphone vendor in the world, according to Strategy Analytics. Under Google, Motorola had refined its product portfolio to just a few devices, and developed a focus on the low end and on emerging markets with its affordable Moto G and Moto E smartphones. Credited with the invention of the cellphone, Motorola had suffered over the last several years as Apple's iPhone and Samsung's Galaxy lineup rose in prominence. The transfer of Motorola to Lenovo from Google marks the end of a short chapter for the storied handset vendor. While Lenovo gets Motorola's mobile device business, Google keeps the patent portfolio. The remaining $1.5 billion will be paid to Google in the form of a three-year promissory note. Under the agreement, Lenovo will pay former parent Google $2.91 billion, including $660 million in cash and $750 million in newly issued Lenovo stock.
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