Lenovo Group said it had reached an agreement to buy a 51 percent stake in Fujitsu's personal computer (PC) unit for up to $269 million, after earlier posting a lower quarterly profit on continued difficulty in the global PC market.
Shares of the Chinese PC maker rose 2.18 percent on Thursday to HK$4.68 ($0.60) per share. Lenovo and Fujitsu first announced in October 2016 that they were exploring cooperation in their PC business. Earlier in the day, Lenovo reported a profit of $139 million for the second quarter ended September, versus $157 million a year earlier.
