News Brief


Lenovo has struck a long-awaited $2.3 billion deal to buy IBM’s low-end server business, the largest ever technology acquisition by a Chinese company.

The Chinese PC maker will pay $2.07 billion in cash and the rest in shares to be issued to IBM, according to a filing with the Hong Kong Stock Exchange on Thursday.

Read the rest of this post on the original site »




Follow

Get every new post delivered to your Inbox.

Join 319,336 other followers