Lenovo in talks with smartphone party for joint venture
Lenovo told its shareholders in a statement Tuesday that it's in talks with a smartphone maker to engage in a possible joint venture.
"The Board would like to inform the shareholders of the Company and potential investors that the Company is in preliminary negotiations with a party in connection with a potential joint venture transaction," Lenovo wrote (PDF). "As at the date of this announcement, no material terms concerning the Potential Transaction have been agreed and the Company has not entered into any definitive agreement in relation to the Potential Transaction."
The business-speak aside, Lenovo … Read more