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

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Wow....

iori276

Nov 27, 2009, 10:14 AM
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
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jskrenes

Nov 27, 2009, 10:32 AM
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...so how much did they lose in this transaction


About a hundred million. Unless they were somehow able to, in a down economy, take a hundred million and invest it and turn it into two hundred million in a year. If they did, they shouldn't be in the electronics business, but in investing. Or they sold their soul to the devil.
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iori276

Nov 27, 2009, 12:59 PM
Lol i seriously doubt that in the economic status the world is in, they couldnt do that. Be on some wall street journal or something. Invest in lenovo! double your money in a year lol
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jskrenes

Nov 27, 2009, 1:49 PM
iori276 said:
Lol i seriously doubt that in the economic status the world is in, they couldnt do that. Be on some wall street journal or something. Invest in lenovo! double your money in a year lol


Apparently you would have doubled your money in a year if you had purchased their mobile division 😉
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irockash

Nov 29, 2009, 7:21 PM
It's probably much cheaper than establishing a new mobile division. This way, they already have something to build on. Who knows, if it goes well they'd be able to make the $100 mil back in no time.
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