Longtime Cravath, Swaine & Moore client IBM announced Thursday that it has agreed to sell its low-end server unit to Beijing-based Lenovo Group, the world's largest personal computer maker, for $2.3 billion.
January 23, 2014 at 09:18 PM
1 minute read
The original version of this story was published on Global Lawyer News
From The Am Law Daily:
Almost a decade after paying $1.75 billion to buy the personal computer unit of International Business Machines Corp., China’s Lenovo Group has agreed to acquire the Armonk, N.Y.–based global computing giant’s low-end server division for $2.3 billion.
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