A multidisciplinary team of Pillsbury lawyers has helped the world’s second-largest PC company arrange a broad new partnership, enhancing the company’s position in the growing market for networked computer servers and storage solutions.
Pillsbury worked with Lenovo (HKSE: 992) (ADR: LNVGY) on legal issues involved in its new partnership with Boston-based EMC, the world’s largest maker of data storage computers. Lenovo, which has its principal operations in North Carolina, Beijing and Singapore, announced the companies’ arrangement from China on August 1.
“Today’s announcement with industry leader EMC is another solid step in our journey to build on our foundation in PCs and become a leader in the new PC-plus era,” said Yuanqing Yang, Lenovo chairman and CEO, in the company’s official announcement.
“Over the first few years, we expect the combined value of the strategic partnership to be measured in billions [of dollars], not millions,” Yang told reporters, according to The Wall Street Journal.
A team of Pillsbury attorneys led by Tom Shoesmith, head of the firm’s China Practice, worked on intellectual property, tax, antitrust, ERISA, corporate and transactional issues involved creating the joint venture.
Bloomberg News reported that the deal will help Lenovo add sales outside Asia. Both Lenovo and EMC also have room to grow in China’s server and storage market, IDG News Service reported, as Lenovo currently has the fourth-largest share of the country’s booming x86 server market.
