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Packard Bell in Lenovo sights

By Wang Xu | China Daily | Updated: 2007-08-09 07:24

Packard Bell in Lenovo sights

A woman takes a break beside a Lenovo billboard for ThinkPad laptops in Yichang, Hubei Province. Lenovo bought the PC division from IBM two years ago. Ren Weihong

Lenovo Group Ltd, the world's third-largest PC maker, is trying to acquire Europe's Packard Bell BV to bolster its global expansion.

The Hong Kong-listed company said in a statement that "it has entered into a memorandum of understanding with an independent third party to explore the possibilities of the proposed acquisition".

The company did not reveal details of the possible deal.

Packard Bell in Lenovo sights

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