Major PC merger 'in pipeline'

Lenovo may set up JV with Fujitsu or buy a majority stake in its PC unit, media reports say

Lenovo Group Ltd is in discussions with Japanese tech firm Fujitsu Ltd to merge their personal-computer businesses, as the world's largest PC maker tries to boost margins through scale effect amid declining consumer demand, Japanese media reported.

The Beijing-based firm could either set up a joint venture with Fujitsu or buy a majority stake in the latter's PC unit, according to the Nikkei newspaper. "They are aiming to reach agreement this month," Nikkei said.