Samsung considering to sell its PC business to Lenovo for $850 million
Samsung is currently in process of restructuring its corporate culture. The company is already thinking of splitting into two corporations. The Korean firm recently sold its printer business to HP for a deal worth over $1 Billion. Now, the tech giant wants to get rid of its PC business too.
Previously, Samsung stopped making PC and Chromebook in 2014 but re-entered the market with the launch of Notebook 9 series of Ultrabook this year. Samsung failed to catch any significant momentum and market share. And now they are in talks with Lenovo to sell its PC division.
Samsung is represented by Paul Hasting, an international law firm and on the opposite side, Freshfields Bruckhaus Derringer is handling the talks on behalf of Lenovo, world’s largest PC maker. The deal is considered to worth approximately $850 million. Though Samsung and Lenovo are in talks for few months, both the companies still haven’t reached the final agreement.
To strengthen its hold on PC market, Lenovo is rumoured to stop selling smartphones under its own brand and wants Motorola to handle that responsibility. On the other hand, Samsung Electronics wants to focus more on smartphone business, especially after the Galaxy Note 7 debacle. Made for each other. Right?