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IT

Lenovo confirms talks about acquisition of server business

Friday 19 April 2013 | 11:05 CET | News
Lenovo has issued a statement saying that it was in preliminary talks with a third party in connection with a potential acquisition. This follows press reports of a possible acquisition by Lenovo of certain computer server business. The Board stressed that no material terms concerning the potential acquisition have been agreed and that it has not entered into any definitive agreement. The Wall Street Journal reported that Lenovo was in advanced talks to acquire IBM's x86 server business, citing unnamed source familiar with the matter. Morgan Stanley estimates that IBM's x86 server business

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Categories: IT
Companies: Lenovo
Countries: World
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