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20.01.2014 21:55:15

Lenovo Reportedly Revives Talks To Buy IBM's Low-end Server Business

(RTTNews) - China's Lenovo Group Ltd., the world's largest PC maker, has revived talks to buy International Business Machines Corp's (IBM) low-end server business, according to reports.

Bloomberg, citing a person with direct knowledge of the matter, said Lenovo was in serious discussions to buy the unit and that a deal may be signed within weeks. The Wall Street Journal, also citing unnamed sources, said Dell Inc. may be among the potential buyers.

IBM's x86 server business sells servers used to power corporate data centers. IBM and Lenovo failed to agree last year on a price for the assets, estimated to be worth $2.5 billion to $4.5 billion.

Lenovo bought IBM's personal computer business in 2005.

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