Google acquires 5.94% stake in Lenovo
09/02/2014 6:01 am EDT


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Google Inc. has said it will own a 5.94% stake in China’s Lenovo Group, worth $750m, once Lenovo’s deal to buy Google’s Motorola handset division closes, Reuters has reported. Lenovo agreed to buy Google’s Motorola handset division last week for $2.91bn in a cash and stock deal. Under the terms of the agreement, Google would take 618.3 million Lenovo shares at $1.213 per share, the Hong Kong stock exchange said.

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