Lenovo Mulling Purchase of IBM PC Business
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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.
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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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Perhaps it isn't quite as surprising as if Ford MotorÂ Co. suddenly decided to sell the Mustang sports car brand to Hyundai. But IBM's decision to sell its PC business to China's Lenovo Group underscores the challenges that manufacturers face in the modern PC business, even for a company synonymous with the product.
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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. IBM is discussing selling the business to
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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 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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IBM has reached an agreement in principle to sell its personal computer business to Lenovo, China&#39;s largest PC maker, in a deal valued at between $1 billion and $2 billion, people close to the negotiations said Monday.
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In unloading its personal computer business for $1.75 billion to a Chinese company, IBM managed to keep the division's most profitable pieces -- services and support. The onus is now on buyer Lenovo Group Ltd. to improve the businesses' notoriously thin profit margins, and the skeptics are many.
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NEW YORK: The Lenovo Group could pay as much as $2 billion to create a joint venture with IBM by buying a majority stake in IBM&#39;s personal computer business, the Wall Street Journal reported on Tuesday.
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DECEMBER 07, 2004 (REUTERS) - China&#39;s largest PC maker, Lenovo Group Ltd., could announce as early as today that it is buying control of IBM&#39;s PC-making business for up to $2 billion, a source familiar with the situation said.
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Chinese computer giant, Lenovo is attempting to take over global information technology giant IBM Corporation&#39;s personal computer business operations, media reports said in Beijing on Tuesday.
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DECEMBER 13, 2004  - Now that IBM plans to sell its PC division to Beijing-based Lenovo Group Ltd., the big question is whether the companies can keep users from defecting to other vendors -- which would put IBM&#39;s once standard-setting PCs
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IBM&#39;s decision this past week to sell a majority stake in its personal computer business to Lenovo Group, a vendor based in China, for $1.75 billion in cash, stock, and debt assumption, is
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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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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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Chinese PC maker Lenovo Group says it is in the advanced stages of discussions to make a major tech deal--one that is widely believed to be with IBM.