Samsung seems to be very decided on exiting the PC market, especially because the company has been struggling on it for many years and is in talks with Chinese world`s PC sales leader Lenovo.
South Korean media outlet Bell reports that if talks are successful
between the two companies the deal price could be close to 1tn won
($850m, £680m) even though Samsung has rarely revealed the breakdown
revenue of its PC business. While Samsung has Paul Hastings as its legal
advisor for the deal Lenovo is being represented by Freshfields
Bruckhaus Deringer.
Samsung has already stopped selling its PCs in
the UK and made an abrupt exit from the European market as well in 2014
owing to competition from other PC giants like HP and Lenovo. It
however, still operates in markets like US and other parts of the world
and a deal will help Lenovo increase its market share even further in
the PC industry.
The latest attempt is in line with the Korean
tech giant's efforts to get rid off business that are not bringing
enough profits to the table. It recently sold its printer business to HP Inc, the world's largest printer maker for $1.05bn.
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