Chinese Tech Company Lenovo Acquires Google's Smart Phone Business

The China-based Lenovo Group technology business will be acquiring the problematic smartphone manufacturing division of Google.

They will acquire Google's Motorola Mobility handset-making operation for $2.9 billion. However, Google will be keeping the rights to majority of its  17,000 patents connected to the phones.

Google will keep the patents for the purpose of continuing the control of  technology licensed to phone makers who use Google's Android software.

The deal is still pending for approval by the U.S. regulators.

The world's smartphone market is dominated by South Korea's Samsung and U.S.-based Apple, with Lenovo third if the deal is completed.

Google's share while owning Motorola dropped from 2.3 percent to about 1 percent last year.

Google Nexus 5 smartphone $349

The Google Nexus 5 smartphone has all the great things about smartphones without the extra like fingerprint reader or sensor to monitor eye movement, for just $349. You can also use your choice of prepaid provider since it is sold unlocked.

If you check the price of other top smartphones that are unlocked most of them are sold above $500. The Nexus 5 is equipped with high-resolution screen that you can compare with HTC, it also has a decent camera, and can handle 4G LTE cellular networks.

The device also runs on Android version 4.4, known as Kit Kat.