Google had acquired Motorola Mobility a couple of years ago.
According to a Motorola blog post on Thursday, "In Lenovo we have a partner that shares our mission and that brings global scale, a diverse product portfolio and a track record of seizing strategic opportunities and making the most of them. Together we will go farther, faster. With an impressive portfolio of smartphones, wearables and PCs, our two companies will be uniquely positioned to push the boundaries of choice and value, and bring exciting new experiences to people everywhere."
The blog brushed aside speculation that the Motorola brand and its offering would be discontinued once the acquisition is complete. "We will be a wholly owned subsidiary of Lenovo and remain headquartered in Chicago's Merchandise Mart while maintaining offices around the world, including in Silicon Valley," the blog said.
"The iconic Motorola brand will continue, as will the Moto and DROID franchises that have propelled our growth over the past year. We will continue to focus on pure Android and fast upgrades, and remain committed to developing technology to solve real consumer problems. And we will continue to develop mobile devices that bring people unprecedented choice, value and quality."