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Google buys 5.94 per cent stake in Lenovo for $750 mn

According to a disclosure on the Hong Kong Stock Exchange, the Internet search company acquired 618.3 million Lenovo shares at $1.213 per share on January 30.

Donny Kwok   Hong Kong     Last Updated: February 7, 2014  | 11:41 IST
Google buys 5.94 per cent stake in Lenovo for $750 mn

Google Inc has bought a 5.94 per cent stake in China's Lenovo Group for $750 million, according to a disclosure on the Hong Kong Stock Exchange.

The Internet search company acquired 618.3 million Lenovo shares at $1.213 per share on January 30, 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)

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