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Google to own $750 million Lenovo stake after Motorola deal closes - HKEx
February 7, 2014 / 3:58 AM / 4 years ago

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.

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

    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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