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IBM in advanced talks to sell partial server business to Lenovo

Lenovo could acquire IBM's Server X business for $4.5 billion

| Business, Financial & Legal News | Posted: Apr 19, 2013 7:49 pm

Just eight years ago IBM sold off its consumer PC business to Lenovo and now the company is looking to offload part of its server business to the Chinese business as well. Both the Wall Street Journal and Bloomberg are confirming the reported $2.5 billion to $4.5 billion dollar deal.

 

TweakTown image news/2/9/29828_1_imb_in_advanced_talks_to_sell_partial_server_business_to_lenovo.jpg

 

The low-end System X server division would go to Lenovo if the deal passes, and the Server X line could see a complete revitalization after several years of low performance.

 

News of this deal comes shortly after IBM announced less than desirable earnings for Q1 2013, which saw System X earnings drop by more than nine percent. In contrast, IBM's high-end System Z mainframe business rose by seven percent.

NEWS SOURCE
Theverge.com

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