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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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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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 Corp. is selling its personal computer business to China&#39;s largest PC maker in a $1.25 billion deal that marks the end of an era for the company that made &quot;PC&quot; a household word.
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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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IBM is exiting the PC business, but it -- along with some PC competitors -- should benefit.
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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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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 is expected to announce Tuesday after the close of the market an historic pact to sell its $11.5 billion PC business to China PC giant Lenovo, sources said.
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China's largest personal computer  maker, Lenovo Group Ltd., could announce as early as Tuesday  that it is buying control of IBM's PC-making business for up to  US$2 billion, a source familiar with the situation said.
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IBM IBM.N 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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IBM, the pioneer of the personal computer, is selling its PC hardware business to Chinese firm Lenovo.
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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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IBM (IBM.N: Quote, Profile, Research) is looking to sell its personal computer business in a deal that could be worth up to $2 billion, The New York Times reported
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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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BEIJING/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.  company's retreat from an industry it helped pioneer in 1981.
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IBM, the pioneer of the personal computer, is selling its PC hardware business to number one Chinese computer maker Lenovo.