Google to own $750 million Lenovo stake after Motorola deal closes - HKEx
HONG KONG (Reuters) - Internet search company Google Inc (GOOG.O) will own a 5.94 percent stake in China's Lenovo Group Ltd worth $750 million once Lenovo's deal to buy Google's Motorola handset division closes, according to a disclosure on the Hong Kong stock exchange.
Google would take 618.3 million Lenovo shares at $1.213 per share, the stock exchange said late on Thursday.
Lenovo agreed to buy Google's Motorola handset division last week for $2.91 billion in a cash and stock deal.
(Reporting by Donny Kwok; Editing by Anne Marie Roantree)
- Tweet this
- Share this
- Digg this
- Two Ukrainian fighter jets shot down over rebel-held territory
- UPDATE 2-Concordia finally heads for scrapyard after massive salvage operation
- UPDATE 2-U.S. SEC adopts long-awaited reforms for money market funds
- UPDATE 5-TransAsia Airways plane crashes in typhoon-hit Taiwan, killing 47
- Hamas tactics exact high toll in Israeli ground thrust
India will not support a trade facilitation protocol ahead of a July 31 deadline unless its concerns about subsidies are met, two senior government officials said on Wednesday, sticking to a hard line critics say could derail a landmark global trade deal. Full Article
Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs Full Article
Jet Airways chairman says looking to restructure debts, talking to bankers Full Article
Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec Full Article