Lenovo acquires IBM’s low-end server unit
25/01/2014 1:31 am EDT

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Chinese PC maker Lenovo Group has said it has agreed to buy International Business Machine Corp’s (IBM) low-end server business for $2.3bn, in what would be China’s biggest technology deal, Reuters has reported. The acquisition, which comes nearly a decade after Lenovo bought IBM’s money-losing ThinkPad business for $1.75bn, would increase Lenovo’s share in the server market to 14% from 2%, said Peter Hortensius, a senior vice-president at Lenovo.

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