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)
Trending On Reuters
Rescuers dug with their bare hands and bodies piled up in Nepal on Sunday after an earthquake devastated the heavily crowded Kathmandu valley, killing at least 1,900, and triggered a deadly avalanche on Mount Everest. Full Article | Pictures
RBI chief Rajan calls for formal financing routes for farmers - report Full Article