Fujitsu in PC merger talks with Lenovo

The Japan Times 

Fujitsu said on Thursday it was in talks to merge its struggling PC business with Chinese computer giant Lenovo, sending its shares soaring as the company also announced a recovery in profits. The talks come as Japanese personal computer makers work to scale back their businesses as consumers shift to smartphones and tablets. Tokyo-based Fujitsu said it and Lenovo, the world's largest PC maker, are "exploring a strategic cooperation in the realm of research, development, design and manufacturing of personal computers for the global market." The two firms, which are yet to reach an agreement, are also talking with government-backed Development Bank of Japan for financial and strategic support. The market is rife with speculation that the two firms may merge their PC operations, with Lenovo taking the majority stake in the new venture.

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