Saturday, January 22, 2011

NEC, Lenovo in talks on joint venture: report


Lenovo had roughly 27pc of its PC home market in 2009 and was ranked fourth in the world
Leading Japanese and Chinese electronics firms NEC Corp. and Lenovo Group (logo pictured in Shanghai) are in the final stages of talks to form a joint venture in the personal computer business, according to a report. A likely scenario would see Lenovo taking a majority stake in NEC Personal Products Ltd., a wholly owned NEC unit that makes and sells PCs, the Nikkei business daily said.

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