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Google To Own $750 Million Lenovo Stake After Motorola Deal Closes: HK Exchange

Source: thewillnigeria.com

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.
REUTERS