Google bought 6% of Lenovo shares

The search giant will spend $ 750 million to buy 5.94% of the shares of Chinese technology giant Lenovo. This is an important clause in the deal Lenovo acquired Motorola Mobility from Google for $ 2.91 billion on January 29.

At this price, Google priced Lenovo shares at $ 1,213 per share. The acquisition of more than 618 million shares was carried out last week, a source from Hong Kong stock market revealed.

Earlier, in an agreement with Google, Lenovo agreed to pay $ 600 million in cash and $ 1.5 billion within 3 years as a check to acquire Motorola Mobility. In addition to the Motorola brand and its product portfolio, Lenovo receives more than 2000 patents of all kinds. The vast majority of patents that Google acquired after acquiring Motorola a few years ago are still owned by search giants.

Some analysts said that owning new Lenovo shares is the real reason that Google accepted to sell Motorola, because the Chinese giant owns the technological potential as well as strong finance. Meanwhile, investors are worried about Lenovo that the company has made too high prices for Motorola. Shares of Lenovo immediately lost 8.2% in trading on Monday and added 14% on Tuesday morning.

As expected, the Google - Lenovo deal will have to be approved by the US Foreign Investment Committee in the coming time before being officially deployed.