Google snaps up 6% stake in Lenovo
·7 Feb 2014
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 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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