Friday, 7 February 2014

Google bought $750 million Lenovo stake on January 30: Hong Kong Exchange - Economic Times

HONG KONG: Internet search company Google Inc bought a 5.94 per cent stake in China's Lenovo Group Ltd last month for $750 million, according to a disclosure on the Hong Kong stock exchange.

Google acquired 618.3 million Lenovo shares at $1.213 per share on Jan. 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.

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