Google To Own $750 Million Lenovo Stake After Motorola Deal Closes: HK Exchange
Internet search company Google Inc 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.