China Computer Maker Acquires IBM PC Biz
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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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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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Lenovo Group Ltd. agreed to pay $1.25 billion for International Business Machines Corp.&#39;s personal computer business, making the Chinese company the world&#39;s third- largest PC maker and giving it a globally recognized brand.
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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 comes amid reports it might buy IBM Corp.'s personal computer business.
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A US government panel that previously blocked one Chinese acquisition in the United States is now reviewing the deal that would give IBM's PC-making business to China's largest personal computer-maker Lenovo, IBM said.
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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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Lenovo Group said Wednesday it has acquired a majority stake in International Business Machines Corp.'s personal computer business for $1.25 billion, one of the biggest Chinese overseas acquisitions ever.
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The computer giant hands off its personal-computer business business to a Chinese firm
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Squeezed at home, China&#39;s biggest computer maker, Lenovo, is buying IBM&#39;s money-losing PC business. But venturing abroad is fraught with risk.
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Lenovo&#39;s purchase of IBM&#39;s PC business is such an unprecedented coup for a Chinese technology company that even some local journalists joined the cheers when it was announced on Wednesday.
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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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The deal makes the Chinese company the world&#39;s third biggest PC maker and pushes IBM to the sidelines of a field it once ruled.
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in talks to buy IBM&#39;s personal computer business - is China&#39;s largest PC maker and the world&#39;s fastest growing one. And it is emblematic
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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 selling its PC hardware business to number one Chinese computer maker Lenovo.
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Description: China&#39;s largest computer maker, Lenovo, is buying IBM&#39;s personal computer division for an estimated $1.75 billion.
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BEIJING, Dec. 17 -- Chinese display giant BOE Technology may become the biggest beneficiary in an international deal, after Chinese computer company Lenovo Group acquired IBM&#39;s personal computer unit less than 10 days ago.