Deals
Lenovo Sees No Limit to Size for Phone, Server Purchases
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Lenovo Group Ltd., the second-biggest personal computer maker, said the company’s cash reserves of more than $3 billion enable it to pursue an acquisition of almost any size to expand in new business areas.
The PC maker is most interested in adding assets to bolster its growing business for smartphones and tablets, and hardware such as servers and storage for business computing, Chief Financial Officer Wong Wai Ming said in a phone interview yesterday.