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Talks between IBM and Lenovo (LNVGY.PK) regarding the sale of IBM's x86 server business have...

Talks between IBM and Lenovo (LNVGY.PK) regarding the sale of IBM's x86 server business have broken down, sources tell Fortune. Lenovo reportedly balked over IBM's asking price - according to one CRN source, it was around $5B-$6B - for the business, which had an estimated $4.9B in 2012 sales and saw a 9% Y/Y revenue drop in Q1. Regardless of the specific price, Lenovo (current market cap of $10.4B) would have a tough time digesting the unit. (prior reports: I, II)
Comments (2)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    What - no one wants the overpriced x86 server business? Probably should lower the price, lest they fall into the HPQ, Dell hole.
    1 May 2013, 06:02 PM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    Lenovo got what it needed 8 years ago.

     

    Anyways, Lenovo has its own server business.
    1 May 2013, 06:04 PM Reply Like
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