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Lenovo to Buy Fujitsu PC Business?

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Fujitsu plans to hand over the its PC business to Lenovo as part of refocus on higher-priority efforts, the Nikkei Asian Review reports-- and the companies hope to reach a deal some time on October 2016.

Fujitsu LenovoThe company did release a statement on the matter, but it appears to neither confirm nor deny the story. Instead it simply says Fujitsu is "currently considering various possibilities, including what is being reported, but a decision has not yet been made."

In turn, Nikkei claims the two companies have two proposals for the Fujitsu PC business-- either the transfer of Fujitsu PC design, development and manufacturing operations to a Lenovo-led joint venture, or Lenovo taking a majority stake in the Fujitsu PC subsidiary. Either decision moves 2000 employees from Fujitsu to Lenovo.

Fujitsu currently comes 2nd in the PC vendor rankings in its home Japan, but competition from Chinese and Taiwanese rivals caused it to lose over $96.5 million (10 billion yen) in the fiscal year. The declining global PC market does not help matters much, not to mention lost ground in smartphones and tablets.

The company spun off its PC business into a separate entity in February 2016, following the failure of a 3-way PC merger with Toshiba and Vaio. As such, it might find Lenovo as an attractive business partner, especially considering it owns both IBM's ThinkPad and the NEC PC business.

Go Lenovo to Take Fujitsu's PC Business Under its Wing (Nikkei Asian Review)

Go Fujitsu Regarding Certain Media Reports