It's Official! Lenovo Now Owns Motorola

While Motorola is now a Lenovo company-Hello, Lenovo!-the brand will remain a subsidiary based out of Chicago. Rick Osterloh, Motorola's president, said in a statement:

Google bought Motorola for $12.5 billion in 2012, at the time stating that it was interested in its patent portfolio. Now, Google maintains most of the patents and passes on the (finically troubled) handset business to Lenovo.

Given that Motorola did some of its finest work while Google was in possession of it-yep, the Moto X-it remains to be seen if it will still be awesome under the control of Lenovo. It's already got a lead but, as we said earlier in the year, we just hope it manages to extend it. [Lenovo, Motorola]