Staying Informed

Lenovo to buy IBM's low-end server unit for $2.3 bln

REUTERS - Chinese PC maker Lenovo Group Ltd <0992.HK> has agreed to buy International Business Machine Corp's (NYS:IBM) low-end server business for $2.3 billion in what would be China's biggest technology deal. The long-expected acquisition comes nearly a decade after Lenovo bought IBM's money-losing ThinkPad business for $1.75 billion, eventually becoming the world leader in personal computers ...


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