Lenovo To Seek Acquisitions For Growth

wochit technology
March 18, 2014 AT 10:30 AM
Chinese personal-computer giant Lenovo said Tuesday it is still looking to acquisitions to fuel growth, less than two months after unveiling a pair of deals worth $5 billion that already threaten to stretch the company's resources. The two deals—$2.3 billion for IBM's low-end server business and $2.91 billion for Google's Motorola Mobility handset operations—are part of Lenovo's efforts to diversify beyond PCs, which have been hit by weak demand for desktop and laptop computers world-wide.