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Lenovo to buy back cell phone arm
(China Daily)
Updated: 2009-11-28 07:24

Lenovo Group said on Friday that it would spend $200 million to buy back the cell phone business it sold to a group of investors last year. Lenovo had spun off its mobile phone unit in February for $100 million to boost profitability.

China Daily

(China Daily 11/28/2009 page1)