Google to own $750 million Lenovo stake after Motorola deal closes: HK exchange

The Google signage is seen at the company's offices in New York January 8, 2013. REUTERS/Andrew Kelly

HONG KONG (Reuters) - Internet search company Google Inc will own a 5.94 percent stake in China’s 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.

Google would take 618.3 million Lenovo shares at $1.213 per share, the stock exchange said late on Thursday.

Lenovo agreed to buy Google’s Motorola handset division last week for $2.91 billion in a cash and stock deal.

(This version of the story clarifies that Google will only own Lenovo stake once Motorola deal is completed)

Reporting by Donny Kwok; Editing by Anne Marie Roantree