lenovo completes takeover of x86 server business from ibm
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Lenovo completes takeover of X86 server business from IBM

Arab Today, arab today

Arab Today, arab today Lenovo completes takeover of X86 server business from IBM

Lenovo Group
Beijing - QNA

Lenovo Group, the world's biggest personal computer maker, has finished the acquisition of the X86 server hardware and related maintenance services business from IBM, Lenovo said late Thursday.
In a statement filed to the Hong Kong stock exchange and carried by Chinese News Agecny (Xinhua), the Beijing-based PC maker said it paid 1.847 billion U.S. dollars in cash and allotted 182 million Lenovo shares to IBM for the takeover.
Within one year from Oct. 1, IBM is restricted from offering, selling, transferring or otherwise disposing of the 182 million shares, according to the statement.
With the acquisition, Lenovo has become the world's third largest manufacturer of X86 servers.
The new business would further enhance Lenovo's competitiveness in enterprise equipments and services, said Yang Yuanqing, Lenovo board chairman and CEO.
Lenovo share prices opened 0.5 percent lower to 11.5 HK dollars (about 1.48 U.S. dollars) on Friday in Hong Kong.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

lenovo completes takeover of x86 server business from ibm lenovo completes takeover of x86 server business from ibm

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

lenovo completes takeover of x86 server business from ibm lenovo completes takeover of x86 server business from ibm

 



GMT 12:00 2017 Saturday ,04 March

Nadal races into Acapulco ATP final

GMT 09:36 2018 Saturday ,06 January

Divided UN Security Council to meet on Iran protests

GMT 04:47 2017 Sunday ,31 December

Passing on in 2017

GMT 21:51 2017 Tuesday ,31 January

Mwasalat calls bids for taxi management system

GMT 17:10 2017 Tuesday ,12 December

DCT launches Al Qattara Cinema

GMT 14:53 2017 Sunday ,26 March

Dialysis supplies dwindle for besieged Syrians

GMT 13:47 2017 Sunday ,30 April

Salman Khan in Dubai for ‘Tubelight’

GMT 02:22 2017 Saturday ,14 October

(July24th-August23rd

GMT 11:39 2017 Wednesday ,02 August

Victoria Beckham unveils AW17 collection
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday