- Chinese computer giant Lenovo will buy IBM’s low-end server business for $2.3 billion.
- IBM will receive $2.07 billion in cash and the rest in shares for the x86 business, Lenovo said, in a deal seen as helping the Chinese firm diversify away from the slumping PC-sales sector.
- IBM will still provide maintenance on behalf of Lenovo, while some 7,500 members of staff worldwide will be offered employment by theChinese company, according to Dow Jones.
This blog is meant for UPSC/MPSC aspirants. It is full of important facts useful for these exam.
Friday, January 24, 2014
Lenovo to buy IBM’s low-end server business for $2.3bn
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