HONG KONG (Reuters) - Google Inc (O:GOOGL) is seeking to raise between $218 million and $221 million by selling shares in Chinese personal computer maker Lenovo (HK:0992), according to a deal term sheet seen by IFR on Wednesday.
Google is offering 371 million Lenovo shares in the range of HK$4.56 to HK$4.62 per share, a discount of up to 4 percent to the last traded price, the terms showed.
Morgan Stanley (N:MS) is sole bookrunner.
Representatives of Google and Lenovo were not available for immediate comment.