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Quid pro quo? After Motorola deal, Google buys 5% stake in Lenovo for $750 million
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  • Quid pro quo? After Motorola deal, Google buys 5% stake in Lenovo for $750 million

Quid pro quo? After Motorola deal, Google buys 5% stake in Lenovo for $750 million

FP Archives • February 7, 2014, 10:09:44 IST
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Google acquired 618.3 million Lenovo shares at $1.213 per share on 30 January.

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Quid pro quo? After Motorola deal, Google buys 5% stake in Lenovo for $750 million

Hong Kong: 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.

[caption id=“attachment_75412” align=“alignleft” width=“380”] ![Lenovo had bought out Motorola from Google. Reuters](https://images.firstpost.com/wp-content/uploads/2014/02/lenovoreuters.jpg) Lenovo had bought out Motorola from Google. Reuters[/caption]Google acquired 618.3 million Lenovo shares at $1.213 per share on 30 January, 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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