Lenovo Group, the world's number one PC maker, has reached an agreement to acquire IBM's server business in a $2,3 billion deal, the largest tech acquisition by a company in history. Chinese company. Lenovo will pay $2,07 billion in cash and the rest in stock.
The acquisition will allow Lenovo to diversify its revenue sources by expanding them beyond PC sales. According to analysts, the group should have an easier time selling x86 servers to Chinese companies than IBM in a context in which Beijing prefers local purchases of technology in the wake of revelations about US surveillance.
IBM's server business was the second largest in the world, with a 22,9 percent share of the $12,3 billion market in Q2013 XNUMX, according to research firm Gartner. Hewlett-Packard is number one while Lenovo does not appear in the top five.
