Deals
Vaio Near Deal With Toshiba, Fujitsu to Form Japan PC Giant
- Sony's PC spinoff aims to strike a merger deal by March's end
- Company would rival NEC Lenovo, Japan's biggest player now
A selection of laptop computers, session for PhotoPlus on April 14, 2011.
Photographer: PhotoPlus Magazine via Getty ImagesThis article is for subscribers only.
Vaio Corp., the personal computer maker spun off from Sony Corp. in 2014, is closing in on a three-way merger with rivals to create a producer that can dominate Japan and weather a shrinking global PC market.
Vaio expects to strike an agreement to combine with Toshiba Corp.’s and Fujitsu Ltd.’s PC divisions by the end of March, said Hidemi Moue, chief executive officer of Japan Industrial Partners Inc., the buyout fund that now controls the former arm of Sony. Vaio expects to own the biggest stake in the merged company, which can help the trio save on research and development and scale production, he said.