Lenovo, IBM may soon reveal PC unit deal
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China's largest PC maker could announce as early as today that it is buying control of IBM's PC-making business for up to $2 billion.
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China&#39;s biggest computer maker said it is in acquisition talks with a major international technology company, a disclosure that comes amid reports it might buy IBM&#39;s personal computer business.
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For China, the country&#39;s biggest computer supplier buying out a unit of IBM is more than just a business deal. Lenovo Group&#39;s decision to purchase IBM&#39;s PC group for $1.75 billion could be
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Lenovo Group stayed silent Friday about reports it is talking with IBM Corp. about buying the US company&#39;s personal computer business, but an executive hinted that the Chinese company is looking to expand its PC operations.
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IBM reportedly is selling its personal computer business for some $2 billion, possibly to China&#39;s Lenovo. Big Blue currently ranks a distant third in PC sales with a 6 percent market share, trailing
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HONG KONG - China&#39;s biggest computer maker said Tuesday it is in acquisition talks with a major international technology company, a disclosure which comes amid reports it might buy IBM Corp.
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IBM may need to do some creative deal making in order to sell PC business to China&#39;s Lenovo. By Robert Cyran, Breakingviews. LONDON (Breakingviews) - It&#39;s no surprise IBM is in talks to sell its PC business
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A Chinese company has become the third largest PC seller in the world by buying IBM&#39;s personal computer business. Lenovo has bought the business for USD 1.25 billion, of which USD650m is in cash and the rest in Lenovo shares.
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Industry watchers say a report that IBM Corp. has put its once-dominant personal computer business up for sale could signal the first move in a broader consolidation destined to shrink the number of PC manufacturers by about a third over the next couple of years.
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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- Chinese computer maker Lenovo Group said Wednesday it will take over IBMÂ´s personal computer business, creating the worldÂ´s third-largest PC maker in a $1.75 billion deal that announces ChinaÂ´s ambitions to become a key player in the global
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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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InfoWorld - Lenovo Group has signed a five-year deal with IBM&#160;to provide services and support to its customers. The deal, outlined in a filing with the Hong Kong stock exchange Tuesday, could be worth up to $245 million for IBM over the term of the contract.
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Dec. 3--NEW YORK -- International Business Machines Corp. is negotiating with Lenovo Group Ltd. to sell its personal computer business to China&#39;s largest PC maker, the New York Times reported Friday.
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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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Lenovo will pay $1.75 billion for IBM&#39;s PC business unit but will continue to use the IBM brand for five years. By Paul McDougall, and Darrell Dunn.
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DECEMBER 13, 2004  - Now that IBM plans to sell its PC division to Beijing-based Lenovo Group Ltd., the big question is whether the companies can keep users from defecting to other vendors -- which would put IBM&#39;s once standard-setting PCs