Lenovo in talks to buy IBM server business - report

Tuesday 21 January 2014 | 08:33 CET | News
Lenovo announced that it's in preliminary negotiations on a potential acquisition. While the company did not provide further details, the statement follows reports Lenovo's in talks to acquire IBM's server business. The two companies held talks almost a year ago on a similar deal, but could not reach agreement on price, the Wall Street Journal reported. IBM is looking to exit the low-margin server business in order to concentrate more on software and services. For Lenovo, the takeover would provide a substantial boost to its minor position in the server market and provide a new growth area to

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Categories: Fixed / IT
Companies: Lenovo
Countries: World
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