Chinese tech company Lenovo is looking to take over Fujitsu’s personal computer operations, Nikkei business daily said.
The business daily’s report added that the two companies are aiming to complete the deal this month with two proposals on the table. Nikkei said that the first proposal would have the Fujitsu group transfer its PC business operations to a Lenovo-led joint venture while the another option involves Lenovo buying a majority stake in Fujitsu’s PC subsidiary.
The report noted that the deal comes at a time when Fujitsu is struggling with its PC business. Even though the Japanese company was able to ship 4 million PC models under the FMV brand worldwide in the fiscal year that ended in March, its PC business still lost more than 10 billion yen ($96.5 million) amid competitions from Chinese and Taiwanese rivals.
Fujitsu has previously discussed a three-way merger with Toshiba and Vaio in an effort to restructure its PC business but talks eventually broke down.
(Photo Source: fujitsu.com / lenovo.com)