Lenovo reportedly in talks to buy IBM server business

|About: Lenovo Group Ltd. ADR (LNVGY)|By:, SA News Editor

Lenovo (LNVGY, LNVGF) is in talks to buy IBM's low-end x86 server business, and a deal could be signed within weeks, Bloomberg reports.

The two companies were said to be negotiating a deal for the division last year, but no agreement was reached on a price.

Lenovo said today it’s in preliminary discussions on some kind of possible acquisition, but it did not identify the target or seller.

Dell also may be among potential buyers, but it's not clear how seriously it is considering an acquisition.