NEC has sold its Packard Bell unit to companies controlled by John Hui, the former owner of e-Machines, for an undisclosed sum.
Packard Bell markets and sells PCs and other consumer electronics products in Europe, the Middle East, Africa and South America. The company sold was created last year from what was left after the enterprise PC business was spun out of NEC Computers International to a French unit of NEC.
NEC's links with the Packard Bell brand name date back to July 1995, when it paid $170 million for a 19.9 percent stake in the US PC maker. Its revenue in the year from April 2005 to March 2006 was €1.3 billion.
"NEC's focus has been going more towards the enterprise market so we decided it's in the best interests of Packard Bell and NEC to sell the company," said an NEC spokeswoman in Tokyo.
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