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Published on: January 29, 2014 by Irina

A Chinese company – Lenovo, which specializes in manufacturing computers and smart phones, resumes negotiations with IBM about a possible buyout of their budget server unit.

According to Bloomberg, Lenovo has already conducted a due diligence procedure so a bargain might take place anytime in the nearest future. However, there is no information on how much the unit has been estimated for. Last year it was a price issue which became a stumbling block for companies to agree: IBM expected from 2.5 to 4.5 billion dollars for its server business, but Lenovo offered a price below this range.

IBM, Lenovo

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