Breaking News, World News and Taiwan News.

Google buys 5.94% stake in Lenovo on same day it agrees to sell Motorola

HONG KONG -- Google bought a 5.94 percent stake in Lenovo for US$750 million on the same day it agreed to sell handset maker Motorola to the Chinese technology giant, a report said Friday.

The U.S. Internet firm acquired 618.3 million shares in the PC maker at US$1.213 each when Lenovo bought Motorola for US$2.91 billion last Thursday, according to Dow Jones Newswires.

The deal provides Lenovo with footholds in smartphone and tablet markets where it is eager to gain traction.

It also came just a week after the Chinese firm said it will buy IBM's low-end server business for US$2.3 billion, giving it a platform to compete in that sector with U.S. giants Dell and Hewlett-Packard.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search