 The handset division (along with cable set-top boxes and cable modems divisions, which would later be sold to Arris Group) was later spun off into the independent Motorola Mobility.On May 22, 2012, Google CEO Larry Page announced that Google had closed on its deal to acquire Motorola Mobility.On January 29, 2014, Page announced that, pending closure of the deal, Motorola Mobility would be acquired by Chinese technology company Lenovo for US$2.91 billion (subject to certain adjustments).