Lenovo edges close to IBM server deal
By Gao Yuan | China Daily | Updated: 2014-09-30 07:17
Computer company seeks to beef up profit drivers with $2.1b acquisition
Lenovo Group Ltd said it will close the acquisition of IBM Corp's x86 server division by Wednesday, giving the Chinese tech company another profit driver in the post-personal computer era.
The acquisition is expected to give Lenovo more flexibility in the global enterprise market, something that the world's biggest personal computer maker has been eyeing for a long time.
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