Little by little more details of the agreement between Google and Lenovo on the Motorola sale. It seems that the American company bought 6% of the shares of the Chinese manufacturer. Specifically, I would have invested 750 million after buying 618.3 million shares at $ 1,21 each.
It all happened on January 30, the day after announce the agreement, as we have been able to know thanks to the document that made the purchase of shares effective and that has been published.
Surprisingly the investor market has not responded positively to these two movements. The Lenovo shares are down 1% according to data from the Hong Kong stock exchange this Friday.
Some Investors have criticized the Beijing company's spending pace that in a very short time bought the business of servers for companies of low profile of IBM and Motorola. In total, they have spent $ 5.000 billion. Especially the price paid by Motorola, 2.900 million, has been criticized, being a company with losses despite its new products.
Some analysts and houses of brokers indicate that Lenovo would have lost 24% of its market value since the Motorola purchase was made public.
Lenovo and the risk of being a global company
Lenovo has declared its intention to be a global company and there are agents who doubt the pragmatism of this project. Despite being the world's number one computer manufacturer, the PC business is declining for all manufacturers. For this reason, they have to go to the market that continues to grow, that of mobile devices.
Their tablet strategy is clearly working. They have grown more than any other manufacturer important in 2013. With Motorola they will be able to sell mobile phones in the profitable European and North American markets, as well as in South America.
In short, big plans, big risks. Perhaps this is the role that Google's share purchase plays. Part of Motorola's deal consists of share that risk knowing that there will be investors who prefer to have their funds in more stable projects.
Source: with the BBC