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Lenovo Set To Close $2.1 Billion Server Deal With IBM

Posted by samzenpus on 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.

5 of 49 comments (clear)

  1. Minecraft? by jeremiahstanley · · Score: 5, Insightful

    Seems like this was a real deal considering Microsoft just paid MORE for Mojang.

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  2. Re:IBM is dying by Anonymous Coward · · Score: 5, Informative

    Lenovo's not an IBM spinoff, it's a Chinese electronics manufacturer, a company with a separate past. They had enough cash to buy IBM's thinkpad business, then the desktops, and now some of the Intel servers.

  3. Re:Server Admins Everywhere are Saying... by ArcadeMan · · Score: 5, Interesting

    In the near future, there's gonna be a "War Games" happening inside every fucking hardware component of our systems. Over 50% of the energy will be wasted on spyware fighting each other, 45% will be waste heat, 4% will be wasted by non-military tracking by Google/Facebook/etc and only 1% of the energy will go toward actually doing something useful.

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  4. Re:IBM is dying by alexander_686 · · Score: 5, Interesting

    IBM's stated goal is to ditch the low end commodity business and invest in high end high touch business. i.e. custom solutions provide by consultants and custom hardware. IBM has been shedding their commodity business for years. When Lenovo bought their desktop / laptop business – servers where not commodities. Now the x86 servers are – so away they go.

  5. Re:Server Admins Everywhere are Saying... by cayenne8 · · Score: 5, Insightful
    Not to mention...Lenovo fucking up the quality of the product after they get ahold of it.

    The old IBM THinkbooks used to be built like a tank, but a Lenovo one today, is so much plastic, I had loose USB ports, etc.

    I'm guessing the servers will get the same "cheapening" over process.

    A former poster is right...might as well look to get a Dell, and at least not worry about Chinese spyware in addition to the cheaper construction quality.

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