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Google will own a 6% stake in Lenovo after completing Motorola Deal
Oh Google, you are a sly dog. Apparently as part of the deal that sees the majority of Motorola Mobility get taken over by Lenovo (which, by the way, isn’t quite finalized yet), Google will own a 6% stake in Lenovo after completing Motorola deal. In financial speak, when the deal is done and dusted, Google will own 618.3 million shares in Lenovo worth $1.213 USD each, bringing Google’s stake in Lenovo to a grand total of $750 million.
Whether this is more a token of goodwill or a symbol of solidarity that Google still believes in Motorola, it interesting to see Google still trying to keep one eye on what’s happening with its former acquisition, but whether it will actually have any pull over the operations at Lenovo, and by extension Motorola, remains to be seen.
What do you think about Google taking out a stake in Lenovo? Do you think it means anything on Google’s part? Let us know what you think of the deal in the comments.
Source: Reuters via Phone Arena
Source: http://androidspin.com/2014/02/07/google-will-6-stake-lenovo-completing-motorola-deal/
