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

Lenovo will also acquire server-related maintenance services from IBM

By Peter Sayer
Thu, January 23, 2014

IDG News Service (Paris Bureau) — 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.)

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