February 7, 2014 / 3:58 AM / 4 years ago

Google to own $750 million Lenovo stake after Motorola deal closes - HKEx

A man walks past a Lenovo shop in Shanghai January 21, 2014.Aly Song/Files

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below