Lenovo Hesitates on Deals to Avoid Overpaying for Expansion

Lenovo Group Ltd., seen as a suitor for everything from BlackBerry Ltd. to International Business Machines Corp.’s server business, said it’s hesitant to make deals because it wants to avoid overpaying.

“We will not buy for the sake of buying,” Wong Wai Ming, chief financial officer of the world’s largest personal-computer maker, said in an interview at the company’s Beijing headquarters yesterday. “Even when an opportunity, on the face of it, makes perfect sense for us to do it, it may not happen.”