Lenovo to buy IBM’s server business for $2.3 billion

IBM has sold off its low-margin server business to PC maker Lenovo for $2.3 billion. This is the second time IBM has managed to get rid of a low-end hardware business by selling it off to Lenovo. In 2005, IBM sold its ThinkPad PC business to Lenovo for $1.75 billion. Around 7,500 IBM employees will be offered Jobs at Lenovo. US security concerns might cause a delay to the transaction or a block. Link

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