Lenovo doesn’t appear to have any plans to stop its aggressive expansion just yet. After successfully acquiring IBM’s low-end x86 server division and Google’s Motorola smartphone business for nearly US$ 3 billion, the Chinese PC manufacturer, currently the largest in the world, now has another potential target on its mind: Sony’s VAIO PC business.
As noted in a recent article from UDN.com:
“The Japanese broadcaster NHK reported that Lenovo and SONY are each contemplating a mutual alliance involving the former’s takeover of the VAIO PC division…such a move will not only benefit Sony, whose debt rating has been reduced by Moody’s Investor Service to ‘junk status’ last week, but also fulfill Lenovo’s ambitions to continue strengthening its PC business.”
In spite of the ailing state of the worldwide PC industry, Lenovo has been able to perform consistently well in emerging markets, including the local Chinese regions. A recent report from Reuters indicates that the Chinese hardware company currently earns an estimated 80% of its revenues from PCs, and states that it is “aggressively” seeking to diversify into other promising markets.
While its VAIO PC division has yet to properly recover from the industry’s persistent struggles and unprofitable state, SONY is still publicly denying its intentions to offer its PC hardware business to any third party, stating instead that it will carry on adjusting its PC-related strategies.
“Sony continues to address various options for the PC business, but the press report on a possible PC business alliance between Sony and Lenovo is inaccurate,” the company told Reuters.