Lenovo to buy IBM's low-end server unit for $2.3 billion

SweX · Jan 23, 2014

Chinese PC maker Lenovo Group Ltd agreed to buy IBM Corp's low-end server business for $2.3 billion in what is set to be China's biggest technology deal.

The long-awaited acquisition comes nearly a decade after Lenovo bought IBM's loss-making ThinkPad business for $1.75 billion, eventually becoming the world leader in personal computers in 2012.

The sale of the low-end server operation - which still needs U.S. government approval - would allow International Business Machines (IBM) to focus on its decade-long shift to more profitable software and services.
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http://www.reuters.com/article/2014/01/23/us-ibm-server-lenovo-idUSBREA0M01U20140123

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Lenovo to buy IBM's low-end server unit for $2.3 billion

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Lenovo to buy IBM's low-end server unit for $2.3 billion

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