[Updated] Samsung in Talks with Lenovo to Sell its PC Business

Update: November 28, 2016 — Our sister site reports that Samsung has denied they are in talks with Lenovo.

Samsung is in negotiations with Lenovo, the largest IT company in China, to sell its PC business, according to thebell, a South Korean financial news site. This comes only two months after Samsung sold its printer business to HP.

While it is still uncertain whether the deal will go through, the transaction amount is expected to reach 850 million dollars USD. Samsung Electronics previously sold the printing solution division of its consumer electronics (CE) division to HP for US $1.05 billion.

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