• HOME
  • WHAT WE DO
    • ARTICLES
    • EDITORIAL
    • BLOGGING
    • ECOM
    • NEWS
    • TRANSLATION
    • OUTREACH
    • VISUAL
  • ABOUT US
  • BLOG
  • CONTACT US
  • JOIN OUR NETWORK
call
01603 367993
fb in tw
  • HOME
  • WHAT WE DO
    • ARTICLES
    • EDITORIAL
    • BLOGGING
    • ECOM
    • NEWS
    • TRANSLATION
    • OUTREACH
    • VISUAL
  • ABOUT US
  • BLOG
  • CONTACT US
  • JOIN OUR NETWORK
Book a Consultation

Lenovo buying IBM low-end server unit for $2.3 billion

January 24, 2014
-
Blog
-
No comments
-
Posted by David Hobart

lenovoIn what is largely considered a win-win deal, Chinese multinational PC company Lenovo is acquiring IBM´s giant low-end server business, which includes its x86 servers. Lenovo announced Thursday its agreement to buy IBM’s server unit for $2.3 billion in cash and stock.

In 2005, Lenovo purchased IBM’s ThinkPad personal computer unit for $1.75 billion, an acquisition that helped Lenovo become the world´s largest PC maker, overtaking Dell and HP. This week´s transaction will make the Beijing-based company competitive with Dell and HP in the server market. IBM had a 22.9% share of the global server market in 2013, the second largest in the world; according to the research firm Gartner. HP had the biggest share in the market, while Lenovo did not make the top five.

Regarding the Chinese company’s intentions in the server industry, Lenovo CEO Yang Yuanqing stated: “With the right strategy, great execution, continued innovation and a clear commitment to the x86 industry, we are confident that we can grow this business successfully for the long-term, just as we have done with our worldwide PC business.”

The research firm Dealogic reported that the deal would be the largest foreign technology acquisition by a Chinese company. Derek Scissors, a researcher at the American Enterprise Institute, said that China invested $14 billion in the US market in 2013, with the Chinese directing more investment toward the US than any other country during the last decade.

In a statement, IBM software and systems vice president Steven A. Mills said: “This divestiture allows IBM to focus on system and software innovations that bring new kinds of value to strategic areas of our business, such as cognitive computing, Big Data and cloud.” The sale is consistent with IBM’s general move away from hardware to focus more on software and tech services.

The Committee on Foreign Investment in the United States (CFIUS) will almost certainly scrutinize the deal carefully.  In 2012, according to a recently released CFIUS report, Chinese companies faced the most challenges in getting their US acquisitions cleared. Lenovo, however, is a familiar company in the US, and is viewed as posing little national security risk.

 

Tags
IBM
Lenovo
server
← PREVIOUS POST
SEO prepares to play by new rules in 2014
NEXT POST →
Google Glass beta testers bump up against the law
  • Content Writing
  • News Feeds
  • Language & Localisation
  • Content Marketing
  • Video Production
  • Photography & Graphics
  • Content Placement
  • Audience Builder
[sc_twitter_feed]
Categories
  • Blog
  • Competition
  • Latest News
  • Uncategorized
Archives
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • July 2013
  • June 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • October 2008

Leave a Comment

Your feedback is valuable for us. Your email will not be published.
Cancel Reply

You must be logged in to post a comment.

Related News

Other posts that you should not miss.

Creating an effective content plan

December 3, 2013
-
Blog

It has certainly been the year of content with a capital C and it is no secret that keeping on the right side of Google’s Hummingbird now requires …

Read More →
Posted by David Hobart
3 MIN READ

Content agencies better than in-house, says Forrester report

December 20, 2016
-
Blog

The vast majority of enterprises and marketers will look for outside help with content creation and development in 2017, according to a new study by Forrester Research. Just …

Read More →
Posted by David Hobart
2 MIN READ

Consultants Give Insight Into Maximising SEO

August 5, 2011
-
Blog
Read More →
Posted by David Hobart
1 MIN READ
footerimg

Call Purecontent on +44(0) 1603 367993 or contact us using the form above. We would love to hear about your next content project.

United Kingdom

cc-contact 2nd Floor, Lawrence House, St Andrews Hill, Norwich, NR2 1AD

sales@purecontent.com

01603 367993

agen togel terpercaya

Services

  • Articles
  • Editorial
  • Blogging
  • Ecom
  • News
  • Transcreation
  • Visual
  • Complaints Policy
  • cc-social-links
  • cc-social-links
  • cc-social-links
  • cc-social-links
  • cc-social-links
  • cc-social-links

©2022 Purecontent

Lenovo buying IBM low-end server unit for $2.3 billion | Purecontent
×

Download Brochure

Please complete the form below to download our latest brochure.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.

Situs agen slot terpercaya dan resmi

slot hoki gacor

situs qq online terpercaya probola Menyajikan live score bola terkini
agen bola euro 2021 bandar bola Sbobet situs slot online terpercaya slot online uang asli situs BandarQQ Online Situs judi online Terpercaya poker online
judi bola slot pragmatic situs judi bola situs judi bola pragmatic play judi bola idn poker Slot Pragmatic Play
PROBOLA memiliki game slot pragmatic play yang mudah menang saat dimainkan