In what can be called a drastic turn in strategy, Chinese PC maker Lenovo said on Friday that it intends reacquiring its Lenovo Mobile business for $200 million. The handset unit was bought for half the reacquisition sum 18 months back, by a group of investors led by the private equity arm of the company’s parent Legend Holdings.

As per the terms of the Lenovo Mobile buy back deal, Lenovo would pay $154 million in cash and $46 million in its shares to Legend Holdings, and to the Lenovo Mobile management as well as other investors.

Lenovo, the world’s fourth-ranking PC maker, had said last year that it was spinning off its cellphone business to focus chiefly on its core PC-manufacturing business. However, now it has justified its buy back move citing the increasingly blurring lines between PCs and mobile phones.

Informing the media about Lenovo’s decision to buy back its Mobile business, Wong Wai Ming, the company’s Chief Financial Officer, said: “We believe the convergence of mobile Internet devices and PCs is a global trend. We really want to grow very fast in this area, and will spend appropriately.”

Wong further said that Lenovo will initially sell its handsets in its home country, China, to ensure the chances of its success in the highly competitive smartphone market; and would accordingly plan its handset-related international expansion later on.