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Going, Going, Gone: IBM Sells PC Group To Lenovo

Posted by ryuzaki0 on from the that-is-a-horrible-name dept.

It was rumored before, but now, as Rick Zeman writes, "It's official: According to news.com, IBM has sold their PC business in a complex arrangement where, 'under the deal, IBM will keep an 18.9 percent stake in Levono. Lenovo will pay $1.25 billion for the IBM PC unit and assume debt, which will bring the total cost to $1.75 billion. Lenovo will pay roughtly $650 million in cash and $600 million in securities.' Plus, Lenovo will be able to use the IBM and Think names for 5 years."

6 of 576 comments (clear)

  1. Get a Gateway by omarius · · Score: 5, Funny

    That's a damn expensive IBM PC unit. The clones are a lot cheaper, people.

    1. Re:Get a Gateway by Anonymous Coward · · Score: 5, Funny
      Uh, what? They didn't buy a PC, they bought a whole PC Business.
      *------- Joke.

      O ----- You.
      -|-
      /\
  2. Re:lenovoepad? by SnowZero · · Score: 5, Funny

    I'm banking on "Thoughtpad". They can use it after the 5 years is up on using the Think brand, and it carries a convenient past tense.

    Will miss not having a T1000 eventually...

  3. Re:Quality by UniverseIsADoughnut · · Score: 4, Funny

    "I think Thinkpad and other IBM gadgets will decrease as much in quality under Lenovo as Volvo has decreased in quality under Ford's"

    So quality is going to go massively up, and the computers will become very trendy and liked instead of mocked by the masses? Sales will increase, and people won't think of their products as boxes anymore.

    Gee this is horrible.

  4. The IBM game by clem.dickey · · Score: 5, Funny

    1. Merges divisions A and B to create "synergy."
    2. Split the AB divison to improve "focus."
    3. Repeat steps 1 through 3.

  5. Down with Big Brother! by Xenex · · Score: 4, Funny

    IBM stopped making personal computer before Apple. I'm sure there's some kind of ironic victory here somewhere...