Lenovo might acquire Samsung PC with USD 850 million

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Lenovo might acquire Samsung PC with USD 850 million

According to South Korean site, TheBell, Samsung is in talks with Lenovo for the past few months regarding the sale of Samsung’s PC division.

Based on Korean analyst’s report, the sales value is being pegged in the region of 1 trillion Won or around USD850 million.

Sammobile stated that Samsung is represented by international law firm Paul Hastings while Lenovo is being represented by Freshfields Bruckhaus Deringer.

“Considering the close business relationship between PCs and printers, it seems quite obvious that Samsung, after its PC business sell-off, is withdrawing from the PC market,” a former Samsung executive told the Investor.

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