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Lenovo to buy IBM's low-end server business for $2.3bn

Chinese computer giant Lenovo will buy IBM's low-end server business for $2.3 billion, it said Thursday, giving it a platform to compete in that sector with US giants Dell and Hewlett-Packard. IBM will receive $2.07 billion in cash and the rest in shares for the x86 business, Lenovo said, in a deal that would help the Chinese firm diversify away from the slumping market for PCs. IBM will still ...

 

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