DEAL Galaxy S24 FE, Galaxy Watch 7. Subscribe today and be the first to learn about One 7 beta!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
News For You
Notifications

Samsung possibly selling its PC business to Lenovo

Business
By 

Last updated: November 24th, 2016 at 13:50 UTC+01:00

Samsung Electronics has been involved in some serious corporate restructuring over the past several months as it seeks to enhance focus on core businesses and cut struggling ventures. Samsung's decision to sell its printing business to HP for over $1 billion showed that the company is serious in its efforts to become a leaner organization. A new report out of South Korea claims that Samsung now wants to sell its PC business and that it's talking to Chinese giant Lenovo about a potential deal.

International law firm Paul Hastings is believed to be representing Samsung while Lenovo is being represented by Freshfields Bruckhaus Deringer. Samsung rarely reveals the numbers that its PC business brings in so it's hard to estimate what it will be worth. The report claims that if a deal is reached it may be valued at more than $850 million, however, it does add that talks have continued for months but little progress has been made so far.

Lenovo is the largest PC manufacturer in the world in terms of shipments and is in a strong position to acquire Samsung's PC business. Whether or not it will choose to do so at a price that makes sense to it remains to be seen. This report has neither been confirmed nor refuted by Samsung yet.

Via Business Samsung Electronics
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung’s device repair network welcomes 300+ more locations

Samsung’s device repair network welcomes 300+ more locations

Samsung's customer care network is expanding. The company announced today that its partnership with Cell Phone Repair (CPR) by Assurant, an Independent Service Provider (ISP) within Samsung's repair network, is opening more than 300 new service locations before the end of 2024. At the beginning of the year, CPR had roughly 100 locations certified by […]

  • By Mihai Matei
  • 1 day ago
Samsung goes all nostalgic for the ‘glorious Y2K era’

Samsung goes all nostalgic for the ‘glorious Y2K era’

Samsung has become nostalgic for the year 2000 and has partnered with two designers to create new accessories inspired by popular trends of the era. This new collection of accessories, designed for the Galaxy Z Flip 6 and the Galaxy Buds 3, recalls “the simpler and more fun years of our youth,” when the Internet […]

  • By Mihai Matei
  • 1 week ago
Clever trick from Samsung might fix moisture detection warnings

Clever trick from Samsung might fix moisture detection warnings

Samsung Galaxy phones and tablets boast a high level of water resistance, but the USB ports are not covered, and as everyone knows, water and electronic circuits don't go well together. To avoid water damage and keep water resistance without resorting to USB port covers, Samsung developed a clever software component that automatically detects moisture […]

  • By Mihai Matei
  • 2 weeks ago
New insight tells different story of Samsung-Apple rivalry in Q3

New insight tells different story of Samsung-Apple rivalry in Q3

Yesterday, we covered some market data for the global smartphone segment in Q3 and reported that, according to those numbers, Samsung and Apple held roughly the same market share in the third quarter of 2024. However, different analysts use different methodologies, and today, fresh insight from Counterpoint Research paints a new picture. While Canalys data […]

  • By Mihai Matei
  • 2 weeks ago
Samsung and Apple had equal global phone market share in Q3

Samsung and Apple had equal global phone market share in Q3

Industry experts say the global smartphone market grew year-on-year in Q3, attributing the higher sales to the ongoing phone replacement cycle. And as the segment grew, the competition between the top five global smartphone brands intensified. In Q3, Samsung and Apple had nearly equal market share. Each company held roughly 18% of the global smartphone […]

  • By Mihai Matei
  • 2 weeks ago
Samsung maintains Global Top 5 brand status for 5th year in a row

Samsung maintains Global Top 5 brand status for 5th year in a row

Despite Samsung Electronics going through a rough patch and having to apologize to investors, customers, and employees, not everything the company did this year was questionable. The tech giants launched some amazing products and led several initiatives and tech advancements. For these reasons, the global brand consultancy firm Interbrand recognized Samsung as a Global Top […]

  • By Mihai Matei
  • 3 weeks ago