Friday, August 19, 2022

Martyn Williams and Paul Kallender

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China’s Lenovo to buy IBM’s PC business

China's Lenovo Group Ltd. signed a definitive agreement on Wednesday to acquire IBM Corp.'s personal computing division. Lenovo will pay US$1.25 billion in cash and equity for the business, which is expected to transform it into the world's number three PC maker, the companies announced.

China’s Lenovo to buy IBM’s PC business

China's Lenovo Group Ltd. signed a definitive agreement on Wednesday to acquire IBM Corp.'s personal computing division. Lenovo will pay US$1.25 billion in cash for the business, which is expected to transform it into the world's number-three PC maker, the companies announced.

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