Lenovo to close USD 2.1 bn IBM server deal on October 1
The closing purchase price is lower than the $2.3 billion valuation announced in January because of a change in the valuation of inventory and deferred revenue liability.
- Sep 29, 2014,
- Updated Sep 29, 2014 11:47 AM IST
Lenovo Group will close its acquisition of International Business Machines (IBM) Corp's x86 server division on October 1 for $2.1 billion.
The deal will give China's biggest personal computer maker a major asset as it expands its offerings for business clients.
The closing purchase price is lower than the $2.3 billion valuation announced in January because of a change in the valuation of inventory and deferred revenue liability, Lenovo said.
(Reuters)
Lenovo Group will close its acquisition of International Business Machines (IBM) Corp's x86 server division on October 1 for $2.1 billion.
The deal will give China's biggest personal computer maker a major asset as it expands its offerings for business clients.
The closing purchase price is lower than the $2.3 billion valuation announced in January because of a change in the valuation of inventory and deferred revenue liability, Lenovo said.
(Reuters)