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Japan: Lenovo will take over Fujitsu’s PC business

By  |  November 2, 2017

On Thursday, November 2, China’s Lenovo Group, Ltd. and Japan’s Fujitsu Ltd. announced a joint venture whereby the world’s largest personal computer (PC) company will acquire a 51% stake in Fujitsu’s PC business.

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    In addition to Lenovo, state-owned Development Bank of Japan will take 5% of Fujitsu’s spin-off.

    The shares will be transferred next year between April and June. Fujitsu is selling off its shares for ¥28 billion (US$245 million).

    As the domestic market is set to continue shrinking, Fujitsu, maker of the FMV PC series, is aiming to bolster its competitiveness by joining hands with Lenovo.

    Full Content: Japan Times

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