Lenovo Isn't Buying Motorola's Phones. It's Buying the Brand

An employee holds the box of Motorola Mobility's Moto X smartphone at the Flextronics International Ltd. factory in Fort Worth, Texas. Photographer: Mike Fuentes/Bloomberg

Lenovo Group doesn't need a phone company. It is a phone company. The Chinese consumer-electronics giant is currently the fourth-largest smartphone maker in the world, according to research firm IDC. It's bigger than LG Electronics, HTC, Sony and yes, even Motorola Mobility.

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