Epic Research Singapore : Google & Motorolo News Update

This article was corrected to fix the misstatement that Google bought Lenovo shares in the headline and throughout the article. It is obtaining the shares as part of the terms of its sale of Motorola Mobility to Lenovo.







Google Inc. GOOG +0.48% will own a 5.94% stake in Lenovo Group Ltd. HK:992 +1.32% once it completes its sale of the Motorola Mobility handset business to the Chinese personal-computer maker, a Google spokesman said Friday. Last week, Google announced that it would sell its Motorola handset unit to Lenovo for $2.91 billion. The terms of the deal said that Lenovo's payments will be made in cash as well as shares to be issued to Google. As a result of the deal, Google will own about 618.3 million shares in Lenovo, or a 5.94% stake.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg