Santa Ana-based Ingram Micro Inc. is in talks to buy a 60% stake in a Chinese distribution company for $260 million, according to media reports.
Ingram, the industry’s top distributor of electronics, is said to be in late talks for the majority stake in Digital China Holdings Ltd., according to Reuters and Sing Tao Daily News of Hong Kong.
An Ingram spokesman said the company declined to comment on the report.
The parent of Lenovo Group Ltd. owns 48% of Digital China Holdings.
For Ingram, a deal would boost the company’s operations in China.
The acquisition would follow Ingram’s 2004 purchase of Australia’s Tech Pacific Ltd. for $530 million, a move that has helped drive healthy financial results for the company.
