There are a lot of changes going on over at Samsung following the disastrous Note 7 launch, and now the company is reportedly considering selling its PC business.
According to The Investor, via local news outlet The Bell, the South Korean firm is in talks with Chinese company Lenovo about a possible sale of its PC division.
International law firm Paul Hastings is reported as representing Samsung in the talks, which have allegedly been going for months without much progress, while Lenovo is using Freshfields Bruckhaus Deringer.
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Any deal made is expected to be valued at more than $850 million, though there’s no guarantee that a deal will be reached.
A former Samsung executive was quoted as saying: “Considering the close business relationship between PCs and printers, it seems quite obvious that Samsung, after its PC business sell-off, is withdrawing from the PC market.”
for more than $1 billion as part of its attempts to shed less profitable parts of its business.
Lenovo is the world’s largest PC manufacturer in terms of shipments, so it would make sense for Samsung to be talking to the company if it really is considering a sell-off of the PC division.
At this point, nothing has been confirmed, however, so take the news with due caution.
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