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Lenovo Completes Acquisition Of IBM's PC Division

Posted by ryuzaki0 on from the purchasing-the-collective dept.

karvind writes "Chinese computer maker Lenovo has completed its $1.75 billion purchase of IBM's personal computer division, creating the world's third-largest PC maker. Under the deal, IBM takes an 18.9 percent stake in Lenovo. Lenovo paid $1.25 billion for the IBM PC unit and assumed debt, which brought the total cost to $1.75 billion. Slashdot timeline: Dec 3, 2004: IBM Puts PC Business Up for Sale, Dec 4, 2004: Chinese PC Maker Looks to Buy IBM's PC Business, and Mar 9, 2005: U.S. Approves IBM/Lenovo Sale"

3 of 192 comments (clear)

  1. What Future For Thinkpad's? by rAiNsT0rm · · Score: 5, Insightful

    It figures the only laptop I will even consider since they hooked me on the little pointer nub is a Thinkpad. A lot of business users rely on TP's too, and now with this Lenovo aquisition what lays ahead for the beloved Thinkpad?

    --
    http://teasphere.wordpress.com - A little spot of tea
  2. You know the coolest thing about thinkpads by ducttapekz · · Score: 5, Insightful

    . . . No windows key. I didn't like it at first but then I realized, it is a neutral pc. It doesn't have an ms advertisement on the keyboard. I hope that doesn't change.

  3. ThinkPad's have been made in China by Anonymous Coward · · Score: 5, Insightful

    I wish to preempt foolish comments that quality will now deteriorate into the crapper:

    ThinkPads have been manufactured in China for some time now while maintaining high quality.

    Please stop the unfounded China bashing: the country's industries have been quickly becoming very competent at high quality production as well as churning out $2 Wal Mart items.