Lenovo To Acquire IBM’s x86 Server Business For $2.3 Billion

Lenovo recently announced that they are buying IBM’s x86 server business for $2.3 billion. It includes: System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations. 

This deal is only due to the longstanding collaboration between Lenovo and IBM, as back in 2005 Lenovo bought IBM’s ThinkPad laptop business from IBM. In this deal Lenovo will shell out $2billion in cash and the remaining will be made by Lenovo stock. Nearly 7,500 IBM employees around the world expected to be offered for work at Lenovo.

“This acquisition demonstrates our willingness to invest in businesses that can help fuel profitable growth and extend our PC Plus strategy,” said Yang Yuanqing, chairman and CEO, Lenovo. “With the right strategy, great execution, continued innovation and a clear commitment to the x86 industry, we are confident that we can grow this business successfully for the long-term, just as we have done with our worldwide PC business.”

Head over to the below source for more details.

Benny Singh
Forever Tinkering With Gadgets

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