By Dow Jones Business News,
February 06, 2014, 11:51:00 PM EDT
HONG KONG--Google Inc. ( GOOG ) will own a 5.94% stake in Lenovo Group Ltd. (0992.HK) 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.
Write to Juro Osawa at Juro.Osawa@wsj.com
Corrections and Amplifications
This item was corrected at 07:19 GMT. The original misstated the currency of the purchase as Hong Kong dollars in the
second paragraph. Google bought Lenovo shares at US$1.213 each.
This article was corrected at 04 45 ET 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. The
mistake was also contained in a headline at 0352 GMT and a subsequent correction at 0639 GMT.
"Google Bought 5.94% Stake in Lenovo on Jan. 30 -Filing," at 0555 GMT, misstated the currency of the purchase as Hong
Kong dollars in the second paragraph. Google bought Lenovo shares at US$1.213 each.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
Copyright (c) 2014 Dow Jones & Company, Inc.