Business Today
Loading...

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 | February 7, 2014 | Updated 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)

  • Print
  • COMMENT
BT-Story-Page-B.gif
A    A   A
close