» China Daily: Lenovo to buy Motorola business

Unclear whether the price is $2 billion (per China Daily) or $3 billion (per TechCrunch).

Reminder: Google bought Motorola for $12.5 billion. It’s cool, though, because pundits applaud these big acquisitions.

ADDED: $2.91 billion, straight from the horse’s mouth. As Nilay Patel notes, Google sold the Motorola cable box division for $2 billion so the loss is only about $7 billion. No biggie.