Staying Informed

Lenovo restarts talks to buy IBM server unit: source

NEW YORK/HONG KONG (Reuters) - China's Lenovo Group Ltd has resumed talks to buy International Business Machines Corp's (IBM) low-end server unit, a source familiar with the matter said, a purchase that would bolster its efforts to diversify beyond a shrinking PC market. A deal for IBM's x86 servers, which power corporate data centers, fits in with Lenovo's attempts to remold itself as a growing ...

 

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