Monday, January 20, 2014

Lenovo restarts talks to buy IBM

Lenovo restarts talks to buy IBM server unit: source

Lenovo, the world's biggest PC maker, said on Tuesday it was in preliminary talks about an acquisition. 

The two companies failed to reach a deal last year after differing on pricing, with media reports then putting IBM's hopes at between $4 billion to $6 billion for the unit, while Lenovo was said to be only willing to offer $2.5 billion.

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