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Lenovo buys back mobile phone arm |
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Written by Network News Journal Staff
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Monday, 30 November 2009 |
LENOVO HAS REPURCHASED the mobile phone arm that it sold to a private equity firm at the start of 2008, the company said last week. The manufacturer sold Lenovo Mobile to the Hony Group for $100 million slightly under two years ago, and just completed the repurchase for $200 million in cash and stock.
According to the Lenovo PR, Lenovo Mobile is the number three handset maker in China. |