Samsung is reportedly planning to sell its struggling PC business to one of the leaders in PC market Lenovo. The company which is without a financial adviser has hired Paul Hastings as its Legal advisor , confirmed that they have been in talks with Lenovo for last couple of months and if the deal goes through then it would be costing Lenovo $850 million for the purchase which is more than 1 trillion South Korean Won.
Earlier, Â Samsung is already holding talks with HP for sale of its Printer business, and now the company is in talks with Lenovo for selling of its Struggling PC Business. Â Confirming this news one of the Samsung’s former Employee has stated:
“Considering the close business relationship between PCs and printers, it seems quite obvious that Samsung, after its PC business sell-off, is withdrawing from the PC market.
The South Korean giant had already taken a massive hit on its finances due to the disaster of its Samsung Galaxy Note 7 which possibly cost Samsung millions of dollars as loss along with a massive hit on its brand name.
