Tokyo: Japan’s Fujitsu said on Thursday it had agreed to merge its struggling PC business with Lenovo, giving the Chinese computer giant a controlling share of the business. Tokyo-based Fujitsu said it had “decided to formally sign a deal” with Lenovo, the world’s largest PC maker, and the government-backed Development Bank of Japan (DBJ) on a “strategic partnership” to develop and sell PCs. Lenovo will hold 51 per cent of the shares in Fujitsu’s PC subsidiary, while the DBJ will hold five per cent, Fujitsu said in a statement.
The deal should allow Fujitsu to pour more resources into its profitable IT services operations. — AFP
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