Lenovo gets the rest of IBM's X86 hardware
As we expected Lenovo has managed to buy IBM's low-end server business for $2.3 billion.
The Chinese outfit famously bought a huge chunk of Biggish Blue as the outfit turned into a software services company and got out of hardware ten years ago.
Lenovo turned the money-losing ThinkPad business for $1.75 billion, eventually becoming the world leader in personal computers in 2012.
The deal would increase Lenovo's share in the server market to 14 percent from two percent and will need clearance from the Committee on Foreign Investment in the United States (CFIUS), which protects US national security.
Lennovo's purchase of IBM's notebook division faced scrutiny before approval, and this time it is expected to be easier. Lenovo was well known in the United States and the System X server, among the systems to be bought by Lenovo, is based on commoditised technology and components from the land of the free.
The ever shrinking not-so-big-Blue said this month it would spend more than $1.2 billion to build up to 15 data centres on five continents to expand its cloud services and reach new clients and markets.
|All times are GMT +1. The time now is 03:32.|
Powered by vBulletin® - Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO