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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."

3 of 576 comments (clear)

  1. Re:So wait. by foulballs · · Score: 1, Redundant

    IBM is focusing on servers and customer services. Their PC business has been floundering for a while now.

  2. Thinkpads by cuban321 · · Score: 0, Redundant

    Man I hope the quality of IBM Thinkpads doesn't drop. Thinkpads are (in my opinion) the best laptops you can buy.

  3. outside of the fruit gallery... by sethstorm · · Score: 0, Redundant

    ...Who might end up taking IBM's place for the high quality, no compromise in quality or service laptop? IBM definitely will lose it if they become just another part of the crowd versus the one who's willing to have the well-known US designed, serviced and controlled PC that doesnt cut any corners? There is a market for these machines, and IBM is screwing with a sizable amount of people with a lot of money. Not everyone wants a Dell or HP that has no corner left uncut in quality.

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