Financial Times FT.com

Lenovo in talks over possible acquisition

By Kathrin Hille in Beijing and Robin Kwong in Taipei

Published: December 11 2008 13:55 | Last updated: December 11 2008 21:17

Lenovo, the world’s fourth-largest personal computer maker, on Thursday said it was in talks over a possible acquisition after its shares jumped on speculation of a deal.

“The directors confirm that the company has certain preliminary discussions with independent third parties regarding potential investments opportunities and acquisitions,” the Chinese company said , without naming potential acquisition targets. The move comes as Lenovo attempts to reduce its over-reliance on corporate business, which has been hit hard by the global economic crisis.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this