Rumor: Lenovo to Acquire Wandoujia

PCOnline, 5/07/13

According to an industry source, Chinese consumer electronics manufacturer Lenovo (0992.HK) is currently in negotiations to acquire Android handset assistant application and Innovation Works-incubated startup Wandoujia to expand the Lenovo LeStore app store. Both companies have reportedly come to an initial agreement on a purchase, but have yet to confirm a valuation for the company and other details.

Neither company has commented on the matter.

Lenovo LeStore app downloads broke 200 mln in October 2012. Total app installations of the Wandoujia app store crossed 100 mln in January 2013.

Editor's Note: For more background on this topic, please see "Lenovo App Store Downloads Reach 200 Mln" MD 10/22/12 issue and "Wandoujia Installations Exceed 100 Mln" MD 1/23/13 issue.

Keywords: Lenovo wireless Android app store 0992.HK Innovation Works Wandoujia M&A

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