Lenovo to buy Medion

Started by Rik, Jun 02, 2011, 10:07:18

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Rik

The BBC reports that:

QuoteChinese PC maker Lenovo has agreed to buy German electronics retailer Medion in a bid to boost its market share in Europe.

Lenovo will pay $331m (£203m) for a 37% stake in the company.

Lenovo, the world's fourth-largest computer maker said it plans to acquire as much as an 80% stake in the company.

It also said it hoped that the deal would help it double its share of Germany's PC market to 14%.

I wonder if that's good or bad news for consumers?
Rik
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This post reflects my own views, opinions and experience, not those of IDNet.

Simon

I was put off them when I saw Woolies selling them in the toy section.
Simon.
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This post reflects my own views, opinions and experience, not those of IDNet.

Rik

That's going back a bit.:)
Rik
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This post reflects my own views, opinions and experience, not those of IDNet.