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

Maxon Ships Cinema 4D Release 16
2-Sep-2014
MastersFX Evolves Digital Make-up Effects in 'Fallen Skies'
2-Sep-2014
The Story of Frozen to Air
29-Aug-2014
Pixar Revs Up Tractor for Release
29-Aug-2014
More News Headlines
Most Read