Google will own 6% of China's Lenovo once Motorola deal closes

Lenovo anticipates a transfer of more than 618 million shares at a price of $1.21 each, according to a financial disclosure filed Thursday with the Hong Kong Stock Exchange and reported by Reuters. The stake — worth $750 million — is the third leg of the company's purchase agreement alongside $660 million in cash and a $1.5 billion, three-year promissory note.

Google and Lenovo announced the sale last week, less than two years after Google acquired Motorola for $12.5 billion.

That acquisition was mostly about Motorola's vast intellectual property portfolio rather than its hardware businesses, the latter of which Google has successfully rid itself of. Google sold Motorola's set-top box business soon after the original acquisition, and the Lenovo deal leaves Mountain View, Calif.-based Google with the lion's share of Motorola's patents as well as its secretive Advanced Research and Projects division.