Google buys 5.94pc stake in Lenovo

HONG KONG, Feb 7 (AFP) :  Google bought a 5.94 per cent stake in Lenovo for $750 million on the same day it agreed to sell handset maker Motorola to the Chinese technology giant, a report said Friday.
The US Internet firm acquired 618.3 million shares in the PC maker at $1.213 each when Lenovo bought Motorola for $2.91 billion last Thursday, according to Dow Jones Newswires.The deal provides Lenovo with footholds in smartphone and tablet markets where it is eager to gain traction.
It also came just a week after the Chinese firm said it will buy IBM's low-end server business for $2.3 billion, giving it a platform to compete in that sector with US giants Dell and Hewlett-Packard.