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)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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