Lenovo to Buy IBM Server Unit for $2.3B
IBM Corp. (NYSE: IBM) said it has agreed to sell its x86 server business division to Lenovo (HKSE: 992) for approximately $2.3 billion in a transaction that further deepens the collaboration began by the two companies in 2005 when the Chinese OEM acquired its North American rival’s consumer PC operation. Lenovo, a $40 billion revenue…