How We Got Here: Lenovo's Blockbuster IBM Server Deal


IBM Is No Stranger To Divestitures

IBM has a history of getting rid of poorly performing businesses and coming out stronger as a result.

IBM in 2004 brokered a deal to sell its PC division to Lenovo, a move that eventually led to Lenovo challenging Hewlett-Packard for PC market dominance.

IBM in 2002 sold its hard drive business to Hitachi to form Hitachi GST, which in 2011 was acquired by Western Digital.

IBM actually sold its printer business twice. IBM's original entry into the printer business ended in 1991 when it spun off its printing unit into what is now Lexmark. In 1995, IBM built its Printing Systems Division with a focus on high-end, production-level printing solutions, but in 2007 sold it to Ricoh.