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| VIEW EVENT INFORMATION: IBM |
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IBM Dumps Its Server Business On Lenovo For $2.3B |
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About the organization IBM:
Type: Business
Sub-Types: Computer, Computer Software, Computer Hardware, Website |
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Notable Organizations: IBM, Techcrunch
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| IBM has finally managed to sell its low-margin server business to the world’s largest PC maker Lenovo. The two companies have been negotiating this deal for past few years, and a potential sale fell off last year when Lenovo did not agree to pay what IBM wanted — $6 billion.
Now, Lenovo has informed the Hong Kong Stock exchange that it will pay $2.07 billion in cash to IBM for… |
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