IBM to Put Its PC Business Up for Sale
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IBM IBM.N is looking to sell  its personal computer business in a deal that could be worth up  to $2 billion, The New York Times reported on Friday, capping a  gradual withdrawal from the business it pioneered.
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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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The PC company will sell a unit targeting education, midsized sized business, and government users.
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IBM has reached an agreement in principle to sell its personal computer business to Lenovo Group, China&#39;s largest PC maker, in a deal valued at $1 billion to $2 billion, people close to the negotiations said.
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SAN FRANCISCO: IBM is reportedly in talks to sell its personal computer business in a deal that could be worth up to $2 billion and would cap a gradual withdrawal from the business it helped to pioneer in 1981.
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Ziff Davis - IBM's decision to sell its PC business to Chinese computer maker Lenovo Group Ltd. is offering lessons both in how to expand into emerging markets and how federal regulators will view such deals.
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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.
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IBM is reportedly in talks to sell its personal computer business. It would mark the end of an era for the company that brought the computer into the mainstream when it began selling its desktop PC to corporations and consumers in 1981.
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This week, IBM said it is selling off most of its PC division to Lenovo, China&#39;s No. 1 PC maker. The news is likely to rattle IBM customers - but it may end up benefiting them long term.
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An era will come to an end when IBM sells off its computer manufacturing business, according to The New York Times. A Chinese company seems the likely buyer, and the deal should fetch upward of $2 billion.
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I.BM announced late yesterday the sale of its personal computer business to Lenovo, China&#39;s largest personal computer maker, a deal that reflects the industrial and economic ambitions of not only the two companies but also their two nations.
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Late Tuesday, IBM announced that it&#39;s selling its PC business to Lenovo Group Limited, the leading PC brand in China. IBM&#39;s current PC business ranks a distant third behind Dell and HP
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IBM said late Tuesday that it will sell its personal computer division, transferring an iconic brand to a Chinese rival that also will absorb about 2,000 local workers.
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BEIJING/SAN FRANCISCO  - IBM is selling its  PC-making business to China's largest personal computer maker,  Lenovo Group Ltd., for $1.25 billion, marking the U.S. giant's  retreat from an industry it helped pioneer in 1981.
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International Business Machines Corp. (IBM) is offering its record holding supercomputer for sale to interested consumers. The company will offer IBM eServer Blue Gene supercomputer for sale to research laboratories for optimal causes.
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International Business Machines Corp. agreed to sell its personal computing business to China&#39;s largest computer maker, Lenovo Group Ltd.
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IBM (NYSE: IBM) is selling its PC business, marking the end of an era for the personal computing pioneer, according to a story published today in the New York Times. The report was not verified by IBM, which could not be reached for comment this morning.