IBM puts up its PC business for sale
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San Francisco - It is reported that IBM is 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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NEW DELHI: IBMâs PC business sale could rock the Indian PC market. Virtually missing from the consumer PC market till now, IBM India is already drawing up a blueprint to sell PCs to households.
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International Business Machines Corp.  has put its personal computing business up for sale in a deal  that could be worth as much as $2 billion, the New York Times  reported on Friday.
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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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BEIJING: IBM is selling its personal computer making business to China&#39;s largest PC producer, Lenovo Group Ltd, for US$1.25bil, marking the US giant&#39;s retreat from an industry it helped pioneer in 1981.
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IBM, the company that invented the PC, has put its PC business up for sale, according to the New York Times, and is in discussions with China&#39;s largest maker of personal computers, Lenovo Group (formerly Legend Group), and at least one other potential
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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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International Business Machines Corp. has put its personal computing business up for sale in a deal that could be worth as much as &#36;2 billion, the New York Times reported on Friday.
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While the details are still shrouded in mystery, sources close to the negotiations between computer giant IBM and the China-based PC maker Lenovo say that the companies will announce plans tonight for IBM to sell off its PC business for up to $2 billion.
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IBM, the pioneer of the personal computer, is selling its PC hardware business to number one Chinese computer maker Lenovo.
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U.S. computer firm IBM  raised  US$123 million by selling about 3.5 percent of number three  global PC maker Lenovo Group Ltd. (0992.HK), a term sheet  showed, triggering a 7 percent share slide before a suspension  kicked in.
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IBM said late Tuesday that it will sell its personal computer division to a Chinese rival, a move it said should have no immediate effect on its Triangle work force.
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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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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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Purchasers of IBM&#39;s desktops and laptops were shocked to learn last week that IBM may be putting its PC business up on the auction block.
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International Business Machines Corp. has reportedly put its personal computer business up for sale in a deal that could fetch as much as &#36;2 billion and close an era for an industry pioneer which long ago shifted its focus to more lucrative segments of the computer business.
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San Francisco, December 4: 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.