Samsung possibly selling its PC business to Lenovo

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.

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JamesDiman
7 months 28 days ago
JamesDiman

I hope Samsung does not sell this to Lenovo, they make some of the ugliest computers, like their design department is still in 1980’s. And their new glass-touchpad has not been fully developed yet.

I just hope that Samsung releases the new Chromebook Pro before they think of selling the computer division. This way I will know it came from Samsung without the bad touches of Lenovo.

o0MHJ0o
7 months 29 days ago
o0MHJ0o

Would that include any future Tab Pro S’? and what about their digital camera division? They stopped selling cameras in some countries, like the UK, why not sell that. A super AMOLED laptop would go down a treat!

MStuart
7 months 29 days ago
MStuart

I hope not. I’m not touching anything by Lenovo, ever. I’m not forgetting Superfish.

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