Lenovo buys majority stake in Fujitsu's sickly PC biz

Lenovo buys majority stake in Fujitsu's sickly PC biz

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.theregister.co.uk/2017/11/02/lenovo_buys_majority_stake_in_fujitsu_sickly_pc_biz/

Japanese tech pusher Fujitsu has finally - as expected - found a solution for its ailing PC business: it will sell a majority stake to Lenovo for up to JPY28bn (£187m) that will be used to form a joint venture.

The pair, along with the Development Bank of Japan, will "focus on the research, development, design, manufacturing and sales of client computing devices for the global PC market," the firms said.