IBM, Lenovo call off server deal talks

Lenovo logoIBM and Lenovo have called off negotiations over a multibillion-dollar deal in which the Chinese company would have bought Big Blue's low-end server business, Fortune magazine cited unidentified sources as saying on Wednesday.

Talks between the two companies were halted after disagreement over the valuation of a business that sells servers used to power corporate datacenters, the business magazine cited a person familiar with the discussions as saying. It added that the negotiations could still resume.

IBM, Lenovo call off server deal talks

News of the talks surfaced last month, when industry newsletter CRN reported that IBM was looking to unload its "x86" server hardware division for as much as $6 billion. The Asian company, now ranked consistently among the world's three-largest PC makers, balked at that price, Fortune reported.

The proposed acquisition recalls a 2005 deal in which the U.S. enterprise computing giant sold its PC-making business to Lenovo for $1.25 billion.

The move vaulted a midsized Asian company into the top ranks of the global PC sector, and allowed IBM to effect a successful transformation into a software and solutions-oriented player.

Reuters has not independently confirmed the status of their negotiations, and IBM declined to comment on Wednesday.

Lenovo has said it was in preliminary talks about a potential acquisition but has not identified the target. Company representatives were not available for comment outside of normal business hours in Hong Kong on Wednesday.

Tags: IBM, Lenovo, servers

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Galaxy Note10 really is built around a 6.7-inch display
 
You may still be able to download your content
 
Facebook, Messenger and Instagram are all going away
 
Minimize apps to a floating, always-on-top bubble
 
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
 
The 2001 operating system has reached its lowest share level
 
The entire TSMC 5nm design infrastructure is available now from TSMC
 
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
    123
45678910
11121314151617
18192021222324
25262728293031




Poll

Do you use microSD card with your phone?
or leave your own version in comments (15)