The Traderszone Network

Published in TZ Latest News 28 September, 2014 by The TZ Newswire Staff

Lenovo says $2.1 billion IBM x86 server deal to close on Wednesday

Lenovo Group Ltd will close its acquisition of International Business Machines Corp’s (IBM) (IBM.N) x86 server division on Oct 1 for $2.1 billion, giving the Chinese tech firm the firepower to win business clients from U.S. The closing purchase price is lower than the $2.3 billion announced in January because of a change in the valuation of inventory and deferred revenue liability, Lenovo said.

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