Google sunk $750 million in Lenovo as part of Motorola deal [Updated]

Update: While the deal was discovered on the Hong Kong Stock Exchange by

media today, it was actually a part of the deal for Motorola which Google and

Lenovo announced last week and was announced by the HKSE on January 30.

Apologies for any confusion that reporting it today might have created.

The original post continues below…

It has been revealed in a disclosure to the Hong Kong Stock Exchange that

Google bought a 5.94 percent stake in Lenovo for $750 million on January 30

this year, Reuters reports. In total, Google purchased 618.3 million Lenovo

shares at $1.213 per share.

The move came right after Google announced it was selling Motorola to

Lenovo for $2.91 billion — though the deal has yet to be reviewed by US and

China regulators. Lenovo will be keeping Motorola’s brand, but Google will

retain the majority of its patents that will be used to “defend the entire

Android ecosystem.”

We’ve reached out to Google to see if it has anything further to say about its

investment in Lenovo.

➤ Google bought $750 million Lenovo stake on January 30: Hong Kong

exchange [Reuters]