NEW YORK/HONG KONG (Reuters) – Chinas Lenovo Group Ltd has resumed talks to buy International Business Machines Corps (IBM) low-end server unit, a source familiar with the matter said – a purchase that would bolster its efforts to diversify beyond a shrinking PC market. The two companies failed to reach a deal last year after differing on pricing, with media reports then putting IBMs hopes at between $4 billion to $6 billion for the unit, while Lenovo was said to be only willing to offer $2.5 billion. It declined to name the seller but said it was making the statement in response to reports about its potential acquisition of a server business. Dell Inc, which went private in a $25 billion deal last year, has also been cited in media reports as a potential suitor for the business.
Lenovo restarts talks to buy IBM server unit: source
21
Jan
2014
Comments are closed.
SUNDAY, FEBRUARY 23, 2025
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...
Latest Comments
-
04. 05. 2013 00:51 -
28. 03. 2013 13:30 -
27. 03. 2013 17:21