Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,440.76
    +59.41 (+0.71%)
     

  • Bitcoin USD

    62,883.41
    +1,501.82 (+2.45%)
     

  • CMC Crypto 200

    1,303.64
    -54.37 (-4.00%)
     

  • S&P 500

    5,231.54
    +17.46 (+0.33%)
     

  • Dow

    39,515.83
    +128.07 (+0.33%)
     

  • Nasdaq

    16,404.87
    +58.60 (+0.36%)
     

  • Gold

    2,375.60
    +35.30 (+1.51%)
     

  • Crude Oil

    79.71
    +0.45 (+0.57%)
     

  • 10-Yr Bond

    4.4850
    +0.0360 (+0.81%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

Lenovo to take over Fujitsu's PC business - Nikkei

Reuters

TOKYO (Reuters) - China's Lenovo Group Ltd is set to take over the personal computer operations of Fujitsu Ltd as the Japanese company seeks to focus on IT services and other higher-priority businesses, the Nikkei business daily reported on Thursday.

The two companies aim to reach a deal this month, the paper said, adding that about 2,000 Fujitsu workers would likely be transferred to Lenovo.

Fujitsu declined to comment. A spokesman for Lenovo in Japan said: "We don't comment on rumours."

One option for the deal would see Fujitsu transfer its PC design, development and manufacturing operations to a joint venture led by Lenovo, the Nikkei said. Under another scenario, Lenovo would take a majority stake in Fujitsu's PC unit, the paper said.

(Reporting by Chang-Ran Kim; Editing by Richard Pullin)