Samsung In Talks With Lenovo To Sell Off PC Business

Posted by Megalith 11:53 AM (CST)

Saturday November 26, 2016

Samsung’s PC division just isn’t profitable enough, so they’re trying to sell it off to Lenovo for around $850 million. The company has already gotten rid of its printer divisionآ—hopefully, they aren’t thinking about dropping monitors as well.

The Bell predicted the deal price could be worth more than 1 trillion won (US$850 million) even though the breakdown revenue of the PC business, affiliated with Samsung’s flagship information technology and mobile business division, has been rarely revealed. The talks have allegedly continued for months but with little progress so far, the report said. The planned sell-off of the PC business is in line with Samsung’s recent sale of its printer business division to HP Inc. for US$1.05 billion that was announced in September. The division is expected to be merged with the world’s largest printer maker in the latter half of next year.