Lenovo buys IBM server unit for $2.3 billion

Analysts don’t view the acquisition to be expensive but IBM's server unit's earnings have degraded in the past 12 months.

Lenovo, the world's largest PC maker, has struck a $2.3 billion deal to buy IBM’s server unit, reflecting the growing ambitions of Chinese companies to extend their reach.

¬ Haymarket Media Limited. All rights reserved.

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