Deals
Lenovo Buys Digibras to Boost Brazil PC Share, Add Phones
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Lenovo Group Ltd., the world’s second-largest personal computer maker, will buy consumer electronics maker Digibras to expand its Brazil computer-market share and add mobile products including phones and tablets.
The deal has a base price of 300 million reais ($147 million), the company said in a Hong Kong stock exchange filing yesterday. The purchase will double Lenovo’s PC market share in Brazil, boosting market position to third from seventh, Chief Financial Officer Wong Wai Ming said. The purchase will add to earnings, he said, without providing a forecast.