Samsung to Retire from PC Market, Sell Entire Division to Lenovo

Samsung is trying to get rid of its struggling divisions, and after selling the printing business to HP, the company is now preparing to give up on the PC unit as well.

It appears that the South Korean firm is currently involved in negotiations over a possible sale of its PC business to Lenovo, with local media reporting that the two companies first started the talks earlier this year.

While an agreement is yet to be reached, Samsung seems to be very keen on exiting the PC market, especially because the company has been struggling here for many years.

IBTimes writes, citing South Korean media, that the deal price is likely to be close to 1tn won ($850m, £680m), but it could easily drop a little bit if Lenovo plays its card right, especially given the slow performance of Samsung’s PC business in the last 12 months.

Lenovo, HP, and Dell leading...