Saturday, December 18, 2010

Lenovo Announces $ 100 million sale of mobile phone business

Keywords: Lenovo mobile business sale Brand shaping

Lenovo Group announcements, announced a $ 1 billion to sell mobile phone business to four investment group.

According to the Association Board of Directors regarding the deal announcement message displays, industrial and Manufacturing Lenovo Lenovo Lenovo Lenovo Mobile's Beijing will all registered capital to Jade Ahead, the baby elephant of venture capital, Ample Growth-long enterprise and Super Pioneer four companies, price us $ 100,000,000.

It is understood that this transaction to reach Beijing, Lenovo has agreed to license and transfer certain trademarks and intellectual property rights to the associative movement. Lenovo Mobile also has agreed to be their own world brand laboratory (brand.) There are a number of patents granted to the Association in Beijing.

According to Lenovo's third quarter results show that the period be Lenovo mobile market competition, the mobile phone sales over the same period last year and 31% decrease.

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