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Japan: Fujitsu eyeing PC merger with China’s Lenovo

By  |  October 6, 2016

Shares in Japanese IT giant Fujitsu soared Thursday on news it is considering merging its struggling personal computer division with China’s Lenovo, the world’s biggest PC maker.

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    A deal would mark the latest move by a Japanese firm to hive off struggling divisions to repair their finances, with Toshiba and Sony among a string of companies that have sold off assets in recent years.

    Japanese personal computer makers have been scaling back their businesses as consumers move to mobile devices to check e-mail or use the web.

    The leading Nikkei business daily said the merger was among a number of options Fujitsu was considering for the money-losing unit. It did not give financial details.

    In response, the conglomerate confirmed it is looking at “various possibilities including the reported move” but did not elaborate.

    Full Content: Yahoo News

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