Lenovo Confirms Acquisition Talks
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China&#39;s largest personal computer maker, Lenovo Group Ltd., said on Tuesday it was in acquisition talks with a major technology company, which a source familiar with the situation said was IBM.
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CHINA&#39;S largest manufacturer of personal computers Lenovo Group has confirmed it is in acquisition negotiations with a major information technology company, widely believed to be IBM.
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IBM appears close to signing a deal to turn its PC business over to Lenovo Group of China. Industry experts say it makes sense for IBM to get out of the low-margin PC business, but caution that
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China&#39;s biggest computer maker says it is in acquisition talks with a major information technology company following a newspaper report that it might buy IBM&#39;s personal computer business.
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BEIJING - China&#39;s biggest computer maker, Lenovo Group Ltd., said late yesterday that it has acquired a majority stake in IBM Corp.
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TOKYO - China's Lenovo Group Ltd. signed a definitive agreement on Wednesday to acquire IBM Corp.'s personal computing division. Lenovo will pay US$1.25 billion in cash for the business, which is expected to transform it into the world's number three PC maker, the companies announced.
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China's biggest computer maker said Tuesday it is in acquisition talks with a major international technology company, a disclosure which follows reports it might buy IBM Corp.'s personal computer business.
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, 12/8/2004. IBM&#39;s awaited personal computing division sale to Lenovo Group Ltd. became official this morning with an announcement that Big Blue will pass the unit to China&#39;s number one PC maker for $1.75 billion.
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IBM has gained a crucial foothold in China by selling its PC business to Lenovo, the countryâs biggest computer maker, for $1.75 billion (Â£900 million) in cash, shares and debt.
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IBM is discussing selling its PC business to Lenovo Group Ltd., China's largest maker of personal computers, and at least one other potential buyer, according to The New York Times.
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Tata Motors said that it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover, confirming what investors and analysts have anticipated for months.
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The largest computer company in China, the Lenovo Group, has bought a majority stake in the PC-making business of the multinational IBM.
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Seagate quashed reports by the New York Times that Lenovo was considering a buyout of the world's largest disk maker.
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DECEMBER 07, 2004 (REUTERS) - China&#39;s largest PC maker, Lenovo Group Ltd., could announce as early as today that it is buying control of IBM&#39;s PC-making business for up to $2 billion, a source familiar with the situation said.
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While the details are still shrouded in mystery, sources close to the negotiations between computer giant IBM and the China-based PC maker Lenovo say that the companies will announce plans tonight for IBM to sell off its PC business for up to $2 billion.
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SHANGHAI : China&#39;s largest manufacturer of personal computers Lenovo Group said it is in negotiations with a major information technology company, believed to be US-based IBM.
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In a highly anticipated announcement, IBM (Quote, Chart) confirmed late Tuesday it is selling its PC division to China&#39;s Lenovo Group.