IBM And Lenovo: The Acquisition That Wasn't
In April, a CRN report that IBM was in talks to sell its x86 server business to Lenovo set the industry buzzing. IBM, which has appeared increasingly focused on its software and service offerings in recent years, has been struggling to grow its server hardware sales. Still, the reported move took everyone by surprise.
Lenovo acknowledged that the talks were underway. But IBM never went beyond saying it was considering divesting itself of poorly performing businesses.
But the two companies never pulled the trigger on the deal. In May, CRN reported that the talks had broken down over "valuation concerns."