Google will own 5.94% of Lenovo following Motorola deal

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Google is going to own 5.94% of Lenovo Group Ltd. worth $750 million once the deal of Motorola closes. Lenovo agreed to purchase Motorola’s handset business from Google for $2.91 billion in a cash and stock deal. Google is going to take 618.3 million Lenovo shares at $1.213 per share.

[Source: Reuters]

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