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Motorola, Inc. (/ˌmoʊtəˈroʊlə/[4]) was an American multinational telecommunications company founded on September 25, 1928, based in Schaumburg, Illinois. After having lost $4.3 billion from 2007 to 2009, the company was divided into two independent public companies, Motorola Mobility and Motorola Solutions on January 4, 2011.[5] Motorola Solutions is generally considered to be the direct successor to Motorola, as the reorganization was structured with Motorola Mobility being spun off.[6] Motorola Mobility was acquired by Lenovo in 2014.[7]