After its Motorola Mobility deal with Lenovo is finalized, Google might own a stake in the Chinese PC maker worth 750 million dollars.
A regulatory filing has revealed that the search giant might own 5.94 percent stake in Lenovo after selling off its failing Motorola unit.
According to Tech Crunch, under the Google-Motorola-Lenovo deal, priced at 2.91 billion dollars, the PC maker has agreed to pay 750 million dollars in ordinary shares; 660 million dollars comprised of US cash, and the remaining 1.5 billion dollars in a three-year promissory note.
Google had purchased Motorola unit in August 2011, but the handset maker failed to live up to its purchase price of 12.5 billion dollars.
The report said that this acquisition is said to benefit Lenovo build out its cell phone business and allow Google to direct its focus back on search tech and Android OS.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app