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."
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