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Google bought $750 million Lenovo stake on January 30: Hong Kong exchange

(Reuters) – Internet search company Google Inc bought a 5.94 percent stake in China’s Lenovo Group Ltd last month for $750 million, according to a disclosure on the Hong Kong stock exchange.

Google signage seen at the company's offices in New York
The Google signage is seen at the company’s offices in New York January 8, 2013. REUTERS/Andrew Kelly

Google 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.

(Reporting by Donny Kwok; Editing by Anne Marie Roantree and Paul Tait)

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Article from: reuters.com

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Google bought $750 million Lenovo stake on January 30: Hong Kong exchange

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