An Interest In:
Web News this Week
- March 6, 2024
- March 5, 2024
- March 4, 2024
- March 3, 2024
- March 2, 2024
- March 1, 2024
- February 29, 2024
January 23, 2014 07:15 pm GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/8pTbKmdT6lo/
Lenovo to Buy IBM's Server Business for $2.3 Billion
Lenovo has agreed to buy IBM's server business for $2.3 billion, the two companies announced early Thursday.
The Chinese personal computer manufacturer will pay IBM about $2 billion in cash and the rest in stock for its x86 server business. The deal, which is still pending regulatory review, marks the largest international tech acquisition ever from a Chinese company.
The two companies had reportedly been in talks for this acquisition in early 2013, but those discussions reportedly broke down over price. IBM was looking for as much as $4.5 billion for the business; Lenovo was looking to pay closer to $2.5 billion. It looks like Lenovo won out Read more...
More about Lenovo, Ibm, and BusinessOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/8pTbKmdT6lo/
Share this article:
Tweet
View Full Article
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable