Lenovo and NEC to combine their Japan PC businesses

The deal will catapult Lenovo to pole position in the Japanese PC market and give NEC up to $500 million of new capital.

China-based Lenovo and Japan's NEC Corporation have agreed to combine their personal computer PC businesses in Japan in a joint venture. At the outset, the Chinese company will have a 51% stake in the JV and NEC a 49% stake, but over time Lenovo is likely to take full control. NEC will be paid a maximum of $500 million for selling what is currently Japan’s largest PC business. The deal was announced in Tokyo last Thursday.

The JV will catapult...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: lenovo | nec | pc | personal computer | japan | china | finance | asia | joint venture

Print Edition

FinanceAsia Print Edition

EVENTS