Date
25 April 2018

HTC denies Lenovo investment approach, paper says

Cher Wang, chairwoman of Taiwanese smartphone vendor HTC Corp., has denied the company was approached by Lenovo Group Ltd. about a strategic investment, China Business News reported Thursday. Lenovo representatives were earlier reported to have visited HTC several times regarding a potential partnership with the financially distressed company through a share swap or joint venture. In September, an unnamed Lenovo senior executive was quoted as saying HTC, which has seen its share price fall 57 percent this year, is a better target than BlackBerry Ltd. or Nokia Corp., the report said.

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