Rumours are swirling that Lenovo is in advanced talks to acquire Fujitsu’s flagging PC business. Sources close to the matter claim that the Japanese company is looking to divest itself of non-core businesses to improve profits; which is why the loss-making PC division must go.
Fujitsu was once a major player in the PC market; along with other Japanese manufacturers like Sony and Toshiba. As it stands, none of these three companies were able to compete with the upstart Chinese manufacturers; with Sony eventually selling the Vaio brand off to a business conglomerate.
For Lenovo, the acquisition of Fujitsu would only serve to solidify its position as the top PC manufacturer in the world. The Chinese company accounted for 21-percent of PC sales last year, and it looks to be preparing to expand that accomplishment.
A Fujitsu spokesman did not deny the rumours, and instead said that the company is looking into the possibility of selling the PC business.
It is expected that Lenovo will offer Fujitsu the same deal that it had with NEC. That is, Lenovo will acquire a majority share in the subsidiary, while Fujitsu retains a small amount of shares.
[Source: Wall Street Journal]