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Lenovo to Pay $200M to Buy Its Phone Unit Back

Nov 27, 2009, 9:33 AM by Eric M. Zeman

Today PC-maker Lenovo announced that it will spend about $200 million to repurchase the mobile phone unit it sold to investors last year. Lenovo sold the mobile phone business in 2008 for about $100 million. It isn't clear what those private investors have done with the company in the last year. Lenovo believes that mobile devices will play an increasingly important role in computing, and thinks that by reacquiring the mobile phone business, it can bolster its existing PC business and provide for new opportunities in its home market of China and around the world.

Yahoo / IDG News Service »

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Comments

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This forum is closed.

stephen5688

Nov 28, 2009, 11:09 PM

The American way

Sell low. buy high 😕

Versed

stephen5688 said:
Sell low. buy high 😕

Except its a Chinese Corporation.

...

iori276

Nov 27, 2009, 10:14 AM

Wow....

My math Might not add up, but they sold it for 100 million......... and buying it back for 200 million..... im pretty sure it didnt take 100 million to run that part of lenovo's company to progress during the year...so how much did they lose in this transaction

jskrenes

iori276 said:
My math Might not add up, but they sold it for 100 million......... and buying it back for 200 million..... im pretty sure it didnt take 100 million to run that part of lenovo's company to progress during the year...s

...
(continues)

...

muchdrama

Nov 29, 2009, 1:21 AM

Well...

...that sounds like genius-level business.

Sell it for less! Buy it for more!

Brilliant.

Azeron

Nov 29, 2009, 12:21 AM

I hope...

...these guys don't wind up in Chapter 11.

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