Lenovo in talks for Packard Bell

7 August 2007 — Hong Kong (CHN): Lenovo has announced that it has entered in to memorandum of understanding to acquire Packard Bell, the European PC manufacturer.

Lenovo says that it is working with an independent third party to negotiate a deal, while also holding discussions with the relevant government agencies.

 

But, Lenovo has warned shareholders and potential investors that the proposed acquisition may not materialise.