Lenovo shares dive on Sony Vaio PC buy report

1 min read 04 Feb 2014, 08:58 AM IST Join us

Shares fall as much as 15% on report Lenovo was in talks with Sony about a possible JV to buy its Vaio PC business

Sony called the report of its discussions with Lenovo inaccurate but acknowledged it was looking at various possibilities for Vaio. Photo: AFP

Hong Kong: Shares in Lenovo Group Ltd fell as much as 15% on Tuesday after a weekend media report said the Chinese personal computer (PC) maker was in talks with Japan’s Sony Corp. about a possible joint venture to buy Sony’s loss-making Vaio PC business overseas.

Lenovo shares were down 12.5% at HK$8.80 by 0205 GMT, adding to last Thursday’s 8.2% fall.

Japanese electronics and media giant Sony called the report inaccurate but acknowledged it was looking at various possibilities for Vaio.

Lenovo could not be reached for an immediate comment.

Last week, Lenovo announced the acquisition Google Inc.’s Motorola Mobility handset unit for $2.91 billion, striking its second overseas purchase in a week. Reuters

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