Biggest search engine Google Inc. will possess a 5.94 percent stake in China's Lenovo Group Ltd. worth $750 million once Lenovo's arrangement to purchase Google's Motorola handset division closes Reuter’s reports dependent upon an exposure on the Hong Kong stock trade.
Google concurred Jan. 29 to offer Motorola Mobility to Lenovo for $2.9 billion. The arrangement will free Google of a monetary cerebral pain that has tormented the Internet organization since purchasing Motorola Mobility in 2012. Motorola has lost almost $2 billion since Google assumed control, while adornment its employees from 20,000 to 3,800.
Motorola is planned to move 2,000 specialists into the Merchandise Mart by the close of March. A Motorola representative said that move is still on. He additionally affirmed the Motorola brand will remain.