Business

'Google bought $750mn Lenovo stake on Jan 30'

  • Reuters, Hong Kong
  • |
  • Updated: Feb 07, 2014 10:13 IST

Internet search company Google Inc bought a 5.94% 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 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.

 

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