Rumors Swirl Over x86 Server Sale To Lenovo
On April 18, 2013, CRN reported IBM was in active negations to sell its x86 server hardware business to Lenovo. CRN was the first to break the story. Eight months later, on Jan. 23, 2014, IBM and Lenovo made it official, formally announcing plans to sell off the x86 server business for $2.3 billion.
The news came just two days after IBM reported that sales of its x86-based System x servers were down 16 percent in the fourth quarter of 2012.