Monday, September 29, 2014

Lenovo set to complete acquisition of IBM x86 server business

Nine months after it was first announced, Lenovo’s acquisition of IBM’s x86 server business is headed towards closing.

Having received regulatory approval from the U.S., the European Commission and China, the companies will start closing the US$2.1 billion deal on Wednesday. The handover will take place in most major markets starting this week, and will be completed in the remaining countries into early next year, the companies said.

As a result of the deal, Lenovo is receiving a host of IBM products including its System x, BladeCenter and Flex System blade servers and switches, along with its NeXtScale and iDataPlex servers and associated software.

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Source: http://www.pcworld.com/article/2688772/lenovo-set-to-complete-acquisition-of-ibm-x86-server-business.html#tk.rss_all

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