Lenovo to Buy IBM Server Business

Category: News
News outlets are buzzing with reports that Chinese PC maker Lenovo Group, Ltd has agreed to buy IBM Corp.'s lower-end server business for $2.3 billion.

This is not the first relationship between the two companies. In 2005, Lenovo bought IBM's ThinkPad business for $1.75 billion.

The sale, which still requires US government approval, reportedly would increase Lenovo's market share in the server market from 2 to 1 percent.  

The deal is for the lower-end server business, which produces low-cost x86 servers. IBM will still maintain is higher-end server system. Reports are that IBM will keep developing software and applications for the x86 platform, as the company continues to focus on software, apps, and similar business.



Other News

Syd Mead to Receive VES Visionary Award
31-Jul-2015
RocketComp for Maya Eases VFX Compositing Workflow
30-Jul-2015
BenQ BL2711U Monitor Debuts
30-Jul-2015
Next Limit Launches RealFlow 2015
30-Jul-2015
More News Headlines
E-Newsletter Signup
Keep up with the latest CG industry news by subscribing to the CGW newsletter, produced bimonthly with special editions throughout the year. Join Our E-mail List Now!
Most Read