Lenovo to buy stake in Fujitsu PC unit for up to $348m

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Lenovo to buy stake in Fujitsu PC unit for up to $348m

As second quarter profit drops.

Lenovo has reached an agreement to buy a 51 percent stake in Fujitsu's personal computer unit for up to US$269 million (A$348 million), after posting a lower quarterly profit thanks to continued difficulty in the global PC market. Shares of the Chinese PC maker rose as much as 5 percent as ...

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