(TOKYO) – Two of the world’s largest personal computer makers will form a joint venture in Japan in a deal they hope will help expand distribution, reports the BBC.
Japan’s NEC and China’s Lenovo will form NEC Lenovo Japan Group, with Lenovo receiving a 51-percent stake in the new company.
Hideyo Takasu, the current president of NEC Personal Products, will be president and CEO of the company with Lenovo’s current president, Roderick Lappin, taking the job of executive chairman.
The deal is expected to be finalized by June 30.
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