IBM Negotiates With China&#39;s Lenovo to Sell PC Business, New York ...
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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 is selling its PC hardware business to number one Chinese computer maker Lenovo.
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HONG KONG/SAN FRANCISCO  - IBM is selling its  PC-making business to China's largest personal computer  company, Lenovo Group Ltd., for $1.25 billion, marking the U.S.  firm's retreat from an industry it helped pioneer in 1981.
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IBM  is reportedly in talks to sell its personal computer business in a deal that could be worth up to &#36;2 billion and would cap a gradual withdrawal from the business it helped to pioneer in 1981.
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China&#39;s Lenovo Group is in talks with a major international IT company regarding an acquisition, it said in an announcement to the Hong Kong Stock Exchange on Tuesday.
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Hong Kong, December 7: China&#39;s largest personal computer maker, Lenovo Group Ltd, could announce as early as Tuesday that it is buying control of IBM&#39;s PC-making business for up to US$2 billion, a source familiar with the situation said.
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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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I.B.M. is in discussions to sell its PC business to Lenovo, the largest maker of PC's in China - a burgeoning market that Hewlett-Packard and Dell covet.
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International Business Machines Corp. is selling a majority stake in its pioneering personal computer business to China&#39;s biggest computer maker, Lenovo Group Ltd.
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IBM, which pioneered the personal computer business in the 1980s, is said to be negotiating the sale of its PC unit in a move that could reshape the industry.
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IBM's (NYSE: IBM) deal to sell off its PC unit to China-based Lenovo may hit a snag, as U.S. federal agencies decide whether the arrangement endangers national security.
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IBM Corp. has put its PC business up for sale, according to a story published on Friday on the Web site of The New York Times.
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IBM&#39;s personal computer business, which it is selling to Lenovo Group of China, has lost money for the past 3 1/2 years. International Business Machines Corp.
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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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IBM (IBM.N: Quote, Profile, Research) 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
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China&#39;s largest personal computer maker, Lenovo Group Ltd. (0992.HK: Quote, Profile, Research) , said on Wednesday it is buying control of IBM&#39;s PC-making business for $1.25
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NEW YORK, New York, United States of America -- International Business Machines (IBM) Corp has put its computer business up for sale, the New York Times said Friday, quoting people close to negotiations.