[IT168 News] According to the report of Korea's thebell website, Samsung Electronics is negotiating with Lenovo to prepare to sell Lenovo's difficult PC business to Lenovo, which is trying to abandon those businesses with low profits. During the negotiation process, there was no financial consultant involved. Samsung Electronics hired Paul Hastings as a legal advisor to negotiate on behalf of the company. On behalf of Lenovo, Freshfields Bruckhaus Deringer negotiated. According to estimates, Samsung PC business valuation will exceed 1 trillion won (850 million US dollars). Samsung places its PC business in the information technology and mobile business units, and the company rarely discloses the specific revenue of the PC business. The negotiations have been going on for several months, but progress has been slow.
Not too long ago, Samsung had just sold its printing business to Hewlett-Packard for a price of US$1.05 billion. In the second half of next year, Samsung's printing business will integrate with HP, the world's largest printer manufacturer.
A Samsung executive said in an interview: “Since the PC business and the printer business are quite similar, Samsung will withdraw from the PC market after the sale of the PC business. This is a very obvious thing.â€
Lenovo is the world's largest PC manufacturer in terms of shipments. In 2014, Sony also sold VAIO PC business. There have been reports recently that Fujitsu is preparing to sell the PC business to Lenovo.
In the third quarter of this year, the global PC shipments reached 68 million units, a decrease of 3.9% year-on-year. Although shipments declined, IDC believes that the performance in the third quarter is better than expected. In terms of shipments, Samsung did not even have access to the top five. The top five PC vendors are Lenovo, HP, Dell, Apple, and Asus.
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