By Marina Lopes WASHINGTON (Reuters) – International Business Machines Corps attempt to sell its slumping chip manufacturing business to Globalfoundries Inc deteriorated when the two companies failed to agree on a price, Bloomberg reported on Friday. The breakdown in talks between the two companies marks a setback for IBM, which has been trying to divest […]
(Reuters) – International Business Machines Corps proposed $2.3 billion sale of its low-end server business to Chinas Lenovo Group is in limbo as the U.S. government investigates national security issues, The Wall Street Journal reported, citing people familiar with the matter. U.S. security officials and members of the Committee on Foreign Investment in the United […]
(Reuters) – Lenovo Group Ltd is nearing an agreement to buy International Business Machines Corps low-end server business for $2-2.5 billion, a deal that would help the Chinese company counter the shrinking personal computers market, people familiar with the matter said. Recent reports have also indicated that Fujitsu Ltd and Dell Inc are also potentially […]
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