Lenovo to buy 51 per cent in Fujitsu's PC business for up to $269m

Lenovo to buy 51 per cent in Fujitsu's PC business for up to $269m

FILE PHOTO: Lenovo tablets and mobile phones are displayed during a news conference on the company's annual results in Hong Kong May 23, 2013. REUTERS/Bobby Yip/File Photo

Lenovo Group said it had reached an agreement to buy a 51 percent stake in Fujitsu’s personal computer unit for up to $269 million, after earlier posting a lower quarterly profit on continued difficulty in the global PC market.

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