Samsung might sell its PC business to Lenovo
Samsung might remain a huge force in the industry, but some of its businesses are not living up to the expectations. On the contrary, while the mobile phone segment can survive a shock like that one incurred by the Note 7 affair, it looks like some of the traditional divisions are slowly going down. Not long after selling the printer business, Samsung is said to be in talks with Lenovo, who is apparently interested in its PC business.
According to a local news outlet, quoted by The Investor, "Samsung Electronics is in talks with Chinese PC giant Lenovo to sell off its struggling PC business division as part of its efforts to divest less profitable businesses." The report also revealed that these talks are being carried without a financial advisor, predicting that this deal's value might exceed $850 million. It is also rumored that these talks were initiated months ago, but the outcome is not in sight yet.
Back in September, Samsung announced that its printer business division would join HP Inc. in 2017, as result of a deal worth over $1 billion. A former Samsung executive was also quoted as saying that, given the close relation between PCs and printers, "it seems quite obvious that Samsung, after its PC business sell-off, is withdrawing from the PC market."