Samsung is reportedly in talks with Lenovo to sell its PC business

Samsung is reportedly in talks with Lenovo to sell its PC business

According to a report from South Korean, bigwig device maker Samsung Electronics has efforts underway to sell its global PC business to world's biggest PC supplier, Lenovo. The value of the deal is reportedly more than $850 million.

With Samsung presently in process of restructuring its corporate structure, the report about Samsung's efforts to offload its struggling computer and laptop business comes within months of the company's sale of its printer business to HP, in a deal worth more than $1 billion.

Going by the report, Samsung and Lenovo have been in talks about, a possible acquisition of Samsung's PC business by Lenovo, for the last few months. However, the talks have seemingly not made much progress.

In the reported talks between the two companies, Samsung is being represented by international law firm Paul Hastings, while Lenovo is being represented by Freshfields Bruckhaus Derringer.

The report that Samsung is in talks with Lenovo for selling its PC business is not surprising because Lenovo has revealed in an earlier-this month statement that it is negotiating a deal for acquiring Fujistu's PC business, and can also consider other PC deals.

Touting the fact that it is "already the world's largest PC supplier," Lenovo said in its statement that it is "continuously seeking opportunities to further grow its core business in the global market."

News: 
Location: 
Company: 

Popular Stories

Harley-Davidson to turn 8 Dyna motorbikes into new Softail bikes

Betting big on cruisers, the luxury motorcycle... Read More

Uber’s net loss declines as ride bookings grow

Uber Technologies reported lower loss by nearly 9... Read More

Samsung Galaxy Note 8 facing challenges on multiple fronts

The Samsung Galaxy Note 8 is facing an increasingly... Read More

Leaked reports reveal more about new BMW M5

Luxury carmaker BMW’s next-generation M5 car will... Read More

Tesla announces risky new approach to customer service

During the past few years, Tesla was slammed by a... Read More