Deja Vu All Over Again
IBM, which sold its PC and ThinkPad notebook business to Lenovo nine years ago, has now agreed to sell its x86 server business to the Chinese computer giant in a $2.3 billion blockbuster deal.
The final deal comes nine months after CRN broke the news that IBM and Lenovo were in discussions to sell part of IBM's x86 server business to Lenovo.
And it comes just two days after IBM reported that sales of its x86-based System x servers were down 16 percent in the fourth quarter.
Lenovo, for its part, which has carved out a robust channel business for its ThinkPad line, has moved aggressively to build a server business outside of Asia with a strategic alliance with storage giant EMC.