Deals
Lenovo Said to Ask for Delayed Payment Amid Motorola Deal Rush
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Lenovo Group Ltd. made the largest overseas technology acquisition by a Chinese firm this month when it acquired a server business from International Business Machines Corp. Repeating the trick less than a week later took a little help from Google Inc.
Lenovo will pay about half of the $2.91 billion price of Google’s Motorola Mobility handset unit only three years after the deal closes, the companies said Jan. 29. The deferment was requested by Lenovo, and Google agreed in order ensure a deal could be struck before it reported its financial results yesterday, people with knowledge of the matter said.