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Lenovo shares fall 8.21% after Motorola acquisition
short by Prabhat Joshi / on Thursday, 30 January, 2014
Shares of Chinese technology giant Lenovo slumped more than 8% in Hong Kong on Thursday after it agreed to buy struggling handset maker Motorola from Google for $2.91 billion. Lenovo dived 8.21% to HK$10.06. The deal, which comes a week after Lenovo bought IBM's low-end server business for $2.3 billion, spooked investors who are worried about Motorola's profitability.
read more at Times of India