Lenovo Agrees to Buy IBM's Server Business for $2.3 Billion
Lenovo will also acquire server-related maintenance services from IBM
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.)