Key Developments: Lenovo Group Ltd (LNVGY.PK)

LNVGY.PK on OTC Markets Group

27.05USD
23 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Lenovo Group Ltd works with NVIDIA, Magma and Hue to develop game-changing visualization technology solution for exploration geophysics
Tuesday, 17 Jun 2014 07:00am EDT 

Lenovo Group Ltd:Says its collaboration with NVIDIA, Magma and Hue to develop a new visualization technology solution for exploration geophysics.Combined solution leverages Lenovo ThinkStation D30 workstations, NVIDIA Tesla K40 GPU accelerators and Magma GPU expansion technology to power Hue's visualization technology for exploration.Says and production application development, providing the ability to render massive amounts of geophysical visualization data in seconds.  Full Article

Lenovo Group Ltd recommends payment of final dividend
Wednesday, 21 May 2014 12:14am EDT 

Lenovo Group Ltd:Recommends the payment of a final dividend of HK$0.18 per share for the year ended March 31, 2014.Dividend will be payable on July 14 to the shareholders whose names appear on the register of members of the Company on July 8.  Full Article

Lenovo Group Ltd announces issuance of $1,500,000,000 4.7 pct notes due 2019
Tuesday, 29 Apr 2014 07:56pm EDT 

Lenovo Group Ltd:Agreement in connection to issue and sale of $1,500,000,000 4.7 pct Notes due 2019.Issue price of Notes will be 99.819 pct of principal amount of Note.Net proceeds from notes are intended to be used for general corporate purposes including working capital, and to fund any acquisition activities.  Full Article

Unwired Planet and Lenovo announce patent license and patent purchase transaction
Thursday, 20 Mar 2014 04:21pm EDT 

Unwired Planet Inc:Says Lenovo to purchase a portfolio of patents to take a term-based license to Unwired Planet's patent portfolio.Aggregate consideration for the combined transaction is $100 mln payable in cash.Transaction is expected to close in 30 days.Evercore acted as advisor to Unwired Planet on the transaction.  Full Article

Google Inc to own $750 mln Lenovo Group Ltd stake after Motorola deal closes-Reuters
Friday, 7 Feb 2014 04:19am EST 

Google Inc:Will own a 5.94 percent stake in Lenovo Group Ltd worth $750 million once Lenovo's deal to buy Google's Motorola handset division closes, according to a disclosure on the Hong Kong stock exchange-Reuters.Google would take 618.3 million Lenovo shares at $1.213 per share.  Full Article

Lenovo Group Ltd to acquire Motorola Mobility from Google Inc
Tuesday, 28 Jan 2014 07:00pm EST 

Lenovo Group Ltd and Google Inc:Enters into a definitive agreement under which Lenovo plans to acquire the Motorola Mobility smartphone business.Says the purchase price is about $2.91 billion (subject to certain adjustments), including $1.41 billion paid at close, comprised of $660 million in cash and $750 million in Lenovo ordinary shares (subject to a share cap/floor).Says the remaining $1.5 billion will be paid in the form of a three-year promissory note.Says Google will maintain ownership of the vast majority of the Motorola Mobility patent portfolio, including current patent applications and invention disclosures.Says as part of its ongoing relationship with Google, Lenovo will receive a license to this rich portfolio of patents and other intellectual property.Says additionally Lenovo will receive over 2,000 patent assets, as well as the Motorola Mobility brand and trademark portfolio.  Full Article

Lenovo Plans to Acquire International Business Machines Corp's x86 Server Business
Thursday, 23 Jan 2014 03:47am EST 

International Business Machines Corp:Says Lenovo and IBM have entered into a definitive agreement in which Lenovo plans to acquire IBM’s x86 server business.Says this includes System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations.Says the purchase price is approximately $2.3 billion, approximately two billion of which will be paid in cash and the balance in Lenovo stock.Sasy IBM will retain its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, and PureApplication and PureData appliances.  Full Article

Lenovo Group Ltd resumes talks to buy International Business Machines Corp's unit-Reuters
Monday, 20 Jan 2014 01:25pm EST 

Lenovo Group Ltd:Has resumed discussions to buy International Business Machines Corp's low-end unit-Reuters.The two companies were in discussions to buy the division last year.  Full Article

Lenovo Group Ltd Declares Interim Dividend
Wednesday, 6 Nov 2013 11:20pm EST 

Lenovo Group Ltd announced that the Board has declared an interim dividend of HK6.0 cents (2012/13: HK4.5 cents) per ordinary share for the six months ended September 30, 2013, absorbing an aggregate amount of approximately HKD623.6 million (approximately USD80.4 million) (2012/13: approximately HKD464.5 million (approximately USD59.9 million)), to shareholders whose names appear on the Register of Members of ordinary shares of the Company on November 22, 2013. The interim dividend will be paid on December 2, 2013.  Full Article

Lenovo Group Ltd Says In Initial Talks On Smartphone Venture-Reuters
Monday, 3 Jun 2013 10:32am EDT 

Reuters reported that Lenovo Group Ltd said it was in preliminary talks with an unidentified party on a potential smartphone business Joint Venture. It gave no further details.  Full Article

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China approves Lenovo, IBM $2.3 billion server deal

BEIJING - The Chinese Ministry of Commerce's anti-monopoly bureau has approved Lenovo Group's proposed $2.3 billion deal to buy IBM Corp's low-end server business.

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