Tags: Google | Lenovo | Motorola | Hong Kong

Google to Own $750 Million Lenovo Stake After Motorola Deal Closes

Friday, 07 Feb 2014 07:35 AM

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.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Markets
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,Lenovo,Motorola,Hong Kong
76
2014-35-07
Friday, 07 Feb 2014 07:35 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved