Fujitsu in talks to sell personal-computer business to Lenovo
06 October 2016
Fujitsu Ltd. is in talks to sell its personal-computer business to Chinese multinational technology company Lenovo Group, a move designed by the Japanese electronics maker to gradually exit from the PC business.
In February of this year, Fujitsu split off its PC business and today said that it is currently considering various possibilities, including a sale.
The Nikkei newspaper today said that both sides are discussing pricing and terms, and plan to reach agreement this month.
A successful deal would see Lenovo, which holds a 19.4 per cent share of the global PC market, raise it by an additional 2.1 per cent to 21.5 per cent.
Fujitsu had earlier negotiated a three-way merger with Toshiba Corp's PC business and Sony's spinoff Vaio Corp, but talks broke down, and then started talks with other buyers
The Nikkei said that Lenovo may merge Fujitsu PC planning, development, manufacturing divisions and 2,000 employees with its 2011 PC venture with NEC Corp.
Lenovo accounted for 21.2 per cent shipments in the second quarter of this year, followed by HP with 20.8 per cent, Dell with 16 per cent, Asustek with 7.2 per cent, and Apple 7.1 per cent, according to technology research company IDC.