Lenovo, Sony in talks over Vaio joint venture: report
Discussions said to be held on co-op, as Japanese giant’s PC business continues to flag
China-based Lenovo Group is in talks with Sony Corp over a joint venture involving Sony's loss-making PC business, Reuters reported, citing a Japanese media report.
Sony dismissed the report in a statement: "Sony continues to address various options for the PC business, but the press report on a possible PC business alliance between Sony and Lenovo is inaccurate."
Sony previously predicted its PC business would remain in the red for the first quarter of this year and investment ratings agency Moody's downgraded Sony to junk status last week.
Lenovo has been in aggressive buying mode of late. In the past two weeks it has announced the acquisition of IBM's low-end server business for $2.3bn and the purchase of Google-owned Motorola Mobility for $2.91bn.