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Fujitsu, Lenovo finalizing integration deal www3.nhk.or.jp
Japan's Fujitsu says it's in final negotiations to merge its PC business with China's Lenovo Group.
Fujitsu officials say the two firms aim to cooperate on research, development, design and manufacturing.
Fujitsu also hopes to obtain financial support from the Development Bank of Japan to carry out the deal.
Sources say the Japanese firm wants to complete the integration by March. They say Lenovo is likely to buy a majority stake in Fujitsu's PC business at the end of that month.
Fujitsu President Tatsuya Tanaka told reporters he wants to strengthen the competitiveness of Fujitsu's PC division, and will put top priority on working with Lenovo.
Published Date:2016-10-27
