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Lenovo To Buy Ibm's Low-End Server Unit For $2.3 Billion


Ron Burgundy
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Boxes containing Lenovo desktop computers are seen in an office in KievBy Paul Carsten and Soham Chatterjee BEIJING (Reuters) - Chinese PC maker Lenovo Group Ltd agreed to buy IBM Corp's low-end server business for $2.3 billion in what is set to be China's biggest technology deal. The long-awaited acquisition comes nearly a decade after Lenovo bought IBM's loss-making ThinkPad business for $1.75 billion, eventually becoming the world leader in personal computers in 2012.




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