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
- Wal-Mart and allies in face-off with Apple Pay over mobile payments
- Islamic State kills 220 Iraqis from tribe that opposed them
- India's universal healthcare rollout to cost $26 billion
- PM Modi boots officials out of the first class cabin
- Bharti Airtel Q2 net profit doubles as India market turns corner
India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said. Full Article