Lenovo in talks to buy IBM鈥檚 server unit as PC sales drop
Print Edition
Lenovo Group Ltd is in talks to acquire International Business Machines Corp’s low-end server business as the world’s No. 1 personal computer maker diversifies into other markets amid a sales decline in the PC industry.
Lenovo is negotiating to acquire IBM’s x86 server hardware business and a deal could be signed within a week if terms are agreed, Bloomberg News said yesterday, citing an unnamed person. The source didn’t have details about the current price or structure of the proposed deal.
The deal is expected to improve Lenovo’s technological level and profit margin.
The expected deal also marks IBM’s exit from the hardware business to focus on the service and software sectors.
Both sides failed to agree last year on a price for the assets, estimated to be worth US$2.5 billion to US$4.5 billion.
The two companies declined to comment on the issue yesterday. But Lenovo said it would reveal “news about acquisition” within weeks.
Yang Yuanqing, Lenovo’s chief executive officer, is always scouting opportunities to expand beyond the core PC business, or PC Plus strategy as he called it. This strategy has pushed Lenovo’s expansion into smartphones and TV as well as storage equipment and servers running corporate networks as it battles declining PC sales globally.
Global PC sales totaled 82.6 million units in the fourth quarter, a 6.9 percent drop from a year earlier.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
