Lenovo shares dive 8.21% after Motorola deal | business | Hindustan Times
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Lenovo shares dive 8.21% after Motorola deal

business Updated: Jan 30, 2014 11:26 IST
AFP
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Shares in Chinese technology giant Lenovo slumped more than 8% in Hong Kong on Thursday after it agreed to buy struggling handset maker Motorola from Google for $2.91 billion.

Lenovo dived 8.21% to HK$10.06. The deal, which comes a week after Lenovo bought IBM's low-end server business for $2.3 billion, spooked investors who are worried about Motorola's profitability.

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