ibm sells x86 to lenovo

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FAQ: IBM Sells x86 Server Business to Lenovo

IBM sells its x86 server line to Lenovo - how does thisĀ affect you? As of January 23rd 2014, Lenovo has been in the process of buying the x86 server lines manufactured by IBM. The deal has been an endeavor of negotiating terms and services, and this will continue throughout the following months with plans to finalize and close by the end of this year. The purchase price agreed upon is approximately $2 billion. Lenovo will pay a portion of $2 billion in cash to IBM and paying the remaining $300 million in Lenovo stock The transition from IBM to Lenovo was initiated by the belief that Lenovo has the strengths in scalability, operational efficiency, and presence to propel IBM's x86 servers to a greater realm of success. Lenovo will be [...]