Lenovo Set To Close $2.1 Billion Server Deal With IBM

Posted by samzenpus on Monday September 29, 2014 @02:15AM from the power-up dept.

An anonymous reader writes Lenovo has announced that it will be closing the acquisition deal of IBM's x86 server business on October 1. The closing purchase price is lower than the $2.3 billion announced in January because of a change in the valuation of inventory and deferred revenue liability, Lenovo said. Roughly $1.8 billion will be paid in cash and the remainder in stock. Lenovo says it had "big plans" for the enterprise market. "We will compete vigorously across every sector, using our manufacturing scale, and operational excellence to repeat the success we have had with PCs," the company added.

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Server Admins Everywhere are Saying... by Anonymous Coward · 2014-09-29 02:20 · Score: 3, Funny

Dude, you're getting a Dell!
1. Re:Server Admins Everywhere are Saying... by ArcadeMan · 2014-09-29 02:23 · Score: 4, Funny
  
  Dude, you're getting Chinese spyware!
  
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  Get free satoshi (Bitcoin) and Dogecoins
Re:IBM is dying by ArcadeMan · 2014-09-29 02:24 · Score: 3, Funny

Are you calling them Incompetent Bullshit Managers?

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Brings new meaning to the phrase by n6kuy · 2014-09-29 04:02 · Score: 4, Funny

"Nobody ever got fired for buying IBM."

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