Lenovo to Acquire Mobile Handset Business
Nov 29, 2009 business, security
Lenovo Group today announced that it is getting the stallion pursuit of Lenovo Mobile Communication Technology Ltd. from a group of investors led by Hony Capital, the private fairness limb of Legend Holdings. Consideration of the acquirement is approximately US$200 one thousand thousand in cash and Lenovo shares. Today’s annunciation signals that Lenovo is gearing up its efforts in the burgeoning mobile Net market in mainland China. Lenovo Mobile River now ranks No.3 in China’s mobile
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