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Lenovo buy back Lenovo Mobile

Lenovo buy back Lenovo Mobile

watch Product image master thesis scada Lenovo announced at the weekend that they are buying back Lenovo Mobile Communication Technology for $200 million. They originally sold their mobile business in March 2008 for $100 million, so the buy back comes at a substantial cost – around $5 million a month since the sell. This is costing Lenovo $154 million in cash with the other $46 million being paid in 80.89 million consideration shares. Lenovo have stated that the mobile internet sector will be a very lucrative business for them in the coming years and possibly a key growth point, just a shame they learned this only recently and have lost considerable money for their initial mistake.

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