Lenovo Agrees to Buy IBM's Server Business for $2.3 Billion

Lenovo will also acquire server-related maintenance services from IBM

Lenovo Group has agreed to buy IBM's x86 server hardware business and related maintenance services for US$2.3 billion, it announced Thursday.

Trading in shares of Lenovo was halted on Thursday morning on the Hong Kong stock exchange ahead of the announcement.

(More to follow.)

This story, "Lenovo Agrees to Buy IBM's Server Business for $2.3 Billion" was originally published by IDG News Service .

Join the discussion
Be the first to comment on this article. Our Commenting Policies