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

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Sid
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Joined: Tue Dec 03, 2013 9:10 am

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

#1 Postby Sid » Fri Jan 24, 2014 9:31 am

Chinese PC maker Lenovo Group Ltd has agreed to buy International Business Machine Corp's low-end server business for $2.3 billion (1.3 billion pounds) in what would be China's biggest technology deal.
The long-expected acquisition comes nearly a decade after Lenovo bought IBM's money-losing ThinkPad business for $1.75 billion (1.05 billion pounds), eventually becoming the world leader in personal computers in 2012.

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