The Latest in IT Security

First ThinkPads, now servers: Lenovo buys more of IBM for $2.3 billion

23
Jan
2014

The Chinese PC vendor that just cant stop growing has today added another component to its expanding empire by agreeing to buy IBMs x86 server business for $2.3 billion. Initially rumored almost a year ago, the price of this deal is below the expected range, with IBM apparently keen to offload what Lenovo believes is a business that it can successfully grow for the long-term. Though it lacks the consumer-facing impact of Lenovos first big deal with IBM — the acquisition of the ThinkPad brand and line of personal computers — this move underscores Lenovos ambition to continue expanding rapidly. The company will continue developing Windows and Linux software for the x86 platform, but the hardware component will soon be handed off to Lenovo in exchange for $2 billion in cash and the rest in Lenovo shares.

Comments are closed.

Categories

THURSDAY, SEPTEMBER 19, 2019
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments

Social Networks