Lenovo May Be in Acquisition Talks With IBM
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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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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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(KAAL) -- Last week it was announced that IBM might be selling part of it&#39;s company, and now that appears to have happened. China&#39;s biggest computer maker says it&#39;s acquired a majority stake in IBM&#39;s personal
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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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SAN FRANCISCO (CBS.MW) - Its name certainly doesn&#39;t carry the recognition of Dell, Hewlett-Packard or Apple Computer, but China&#39;s Lenovo Group could climb up the personal-computer food chain if it ends up buying IBM&#39;s PC business.
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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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In detailing its agreement to acquire IBM's personal computing division, China's Lenovo Group revealed data about growing warranty costs for Big Blue's PC business, and in doing so raised questions about quality control issues.
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As soon as rumors began to fly about the IBM-Lenovo deal, bloggers and others began to buzz about the possibility that IBM would use the opportunity to buy Apple. The contract posted by Lenovo, however, says no. [Missing Links]
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China'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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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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By Frank Norton and Anne Krishnan, The News & Observer, Raleigh, N.C.  May 30--Lenovo, which is trying to increase sales of its computers to consumers and small businesses, is teaming with IBM to roll out a new technical support service for those customers.
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IBM (IBM:NYSE - news - research) is reportedly ready to exit the PC business, having long lost its dominance in the arena. The report said Lenovo Group, China&#39;s top PC company, is among the interested bidders.
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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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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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China's largest personal computer maker, Lenovo Group Ltd. (0992.HK), said on Wednesday it is buying control of IBM's PC-making business for &#36;1.25 billion, capping the U.S. tech giant's gradual withdrawal from the business it helped pioneer in 1981.
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China&#39;s personal computer giant Lenovo Group Limited Wednesday signed an agreement with IBM to take over the latter&#39;s personal computer business for 1.25 billionUS dollars.
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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.