Lenovo to Splurge $195 Million on NEC JV to Boost PC Business
#Lenovo Group Ltd. is looking to splurge $195 million on the acquisition of its joint venture with Japanese group #NEC Corp., a move that highlights the Chinese company’s efforts to boost its PC business.
Lenovo, the world’s largest PC manufacturer, will purchase 44 percent of NEC’s shares in Lenovo NEC Holdings (LNH). This would bring Lenovo’s share in the 5-year-old JV to 95 percent.
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