For Lenovo , there is no way to go but up and this was clear when headlines about its "strategic alliance" with NEC went around. The China-based P.C. producer determined a partnership with NEC to emanate the new NEC Lenovo Japan Group, that could be the largest Personal Computer creator in Japan.
Under the conditions of the deal, Lenovo will take 51 percent of the shares and NEC will own the outstanding 49 percent, together with its selection of initial CEO (selecting its own Hideyo Takasu in the process). Lenovo will moreover beef up NEC's coffers with US$175 million.
Formal stipulate signing is approaching to be finished by the finish of June 2011. However, both companies will go on to sell products beneath their particular brands, as this "merger" will usually engage collaboration, economics of scale, harnessing functional synergies, and leveraging any other's strengths.
Source: Engadget
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