Thursday, 6 February 2014

Google Bought 5.94% Stake in Lenovo on Jan. 30 -Filing - Wall Street Journal




HONG KONG--Google Inc. (GOOG) bought a 5.94% stake in Lenovo Group Ltd. (0992.HK) on Jan. 30 for $750 million, according to a Hong Kong stock-exchange filing.


It bought 618.3 million Lenovo shares at HK$1.213 each, according to the filing made earlier this week.


The purchase was made on the same day the Chinese personal-computer maker announced a $2.91 billion deal to buy Google's Motorola Mobility handset unit for cash and stock.


Lenovo is paying $660 million in cash and buying up to 618.3 million shares.


The amount and value of the shares Google bought are the same as those disclosed in the Motorola transaction.


Write to Juro Osawa at Juro.Osawa@wsj.com







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