Lenovo to buy IBM’s low-end server business for $2.3bn

•  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.