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."


User login



You May Have Missed...

Microsoft’s popular version of Solitaire comes to iOS and Android
Thu, 11/24/2016 - 10:05

In a Wednesday announcement, Microsoft said that it is launching the popular Microsoft Solitaire game on the iOS and Android platforms.

The...


Nigeria Update

Fresh Polio Cases lead to WHO Travel Restrictions on Pakistan and Syria
Tue, 05/06/2014 - 00:45

World Health Organization has slapped international travel restrictions on Pakistan, Cameroon...


Economy Watch

US Import Prices decline in April
Thu, 05/14/2015 - 01:13

For a straight 10th month, US import prices declined in April. The decline could be due to the...


Health Tonight

More women asking about IUDs after Trump’s victory
Wed, 11/16/2016 - 09:57

Amid increased concerns over the potential end of birth control services through the Affordable...


Science Tonight

Science Channel cancels ‘Punkin Chunkin’ special after cannon accident
Mon, 11/21/2016 - 08:52

An accident that left a woman injured during an event earlier this month in Delaware prompted...


UK News

Researchers find direct link between bedtime media device use & inadequate sleep
Tue, 11/01/2016 - 09:53

Children and teenagers who use mobile devices like smartphones, tablets and computers at night...


Pharmaceuticals

Aetna
Sat, 01/17/2015 - 06:04

Aetna inc., health care company, on Friday announced that it has signed a deal with Gilead...


US News

Several developing ‘countries’ hidden within borders of USA: study
Fri, 11/18/2016 - 10:07

The United States would look quite different if its fifty states were organized as per their...


Technology Tonight

Qualcomm unveils ‘Quick Charge 4’ charging technology
Mon, 11/21/2016 - 10:02

Last week, bigwig chip manufacturer Qualcomm unveiled its new super-fast charging technology...