Lenovo has finally confirmed the speculations about its search for possible investment and acquisition options after its share price in Hong Kong increased by a whooping 27 percent in a single day on rumours of possible acquisition talks.
It is interesting to note that just last week Fujitsu’s CFO, Kazuhiko Kato had confirmed that Lenovo officials had approached his company regarding possible acquisition of its retail PC business in Europe.
Fujitsu Siemens is a 50/50 joint venture between Fujitsu Limited of Japan and Siemens AG of Germany and was founded in 1999. Fujitsu has already announced that it will buy Siemens stake in the company, which might have prompted Lenovo's move.
The speculations about Lenovo actively looking out for acquisition options further gained strength earlier this week when a Brazilian news paper broke the story that both Dell and Lenovo are making a joint bid for the Brazilian IT major Positivo Informatica; however both Dell and Lenovo had refused to confirm the development.
Explaining the position of the company, a statement from Lenovo mentioned "The directors confirm that the Company has certain preliminary discussions with independent third parties regarding potential investments opportunities and acquisitions."
Lenovo today is world’s fourth largest manufacturer of personal computers after the take over of Gateway by Acer and its acquisition moves are seen by many as an attempt to consolidate its position in the developer as well as emerging economies.
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