Deals
Lenovo Seeking Acquisitions in PCs and Phones, CEO Yang Says
This article is for subscribers only.
Lenovo Group Ltd., the world’s largest maker of personal computers, said it’s looking for acquisitions in PCs and smartphones as expanding share for those products boosted quarterly profit 23 percent.
“We are definitely seeking opportunities in both the PC and phone areas,” Lenovo Chief Executive Officer Yang Yuanqing said in a phone interview today. “The industry is in a period of consolidation, so we definitely should take the opportunity if we can find the right target.”