Google makes massive investment in Lenovo after selling it Motorola

Google made a surprise announcement at the end of January that confirmed it was selling Motorola to Lenovo for $2.91 billion, but the search giant seemingly forgot to tell us that it made a big investment in the Chinese consumer electronics manufacturer the following day. Reuters reports that Google will pay Lenovo $750 million for a 5.94 percent stake in the company. 

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.

Read full article

Comments
Latest stories Top stories Apple iPhone Tech Google App Samsung Android Amazon Facebook Microsoft TV Drones Robots Tesla iOS Twitter Dell Snapchat Instagram YouTube Web Wi-Fi
Thank you!
Close