Tag Archives: Lenovo Group Limited (LNVGY)

International Business Machines Corp. (IBM) Sells Its x86 Server Business To Lenovo Group Limited (LNVGY)

International Business Machines Corp. (IBM) Sells Its x86 Server Business To Lenovo Group Limited (LNVGY)

Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) and International Business Machines Corp. (NYSE:IBM) announced on September 29, 2014 with an official statement that IBM’s x86 server business will be acquired by Lenovo Group Limited (ADR) (OTCMKTS:LNVGY). Lenovo will pay approximately $2.1 billion for this acquisition which will make the company third largest player in x86 server market.

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