Latest in

Image credit:

It's official: IBM sells PC biz to Lenovo

Peter Rojas
12.07.04
Share
Tweet
Share

Sponsored Links

It's official: the news just broke a few minutes ago that IBM is indeed selling their PC business to Chinese computer maker Lenovo. IBM settled for $650 million in cash and $600 million in Lenovo stock, a deal with gives IBM ownership of 18.9% of Lenovo. Lenovo gets all the associated "Think" trademarks, like for the ThinkPad and the ThinkCenter, and will hire on 10,000 or so of the employees in IBM's PC division. We're curious to see what Lenovo will end up doing with the ThinkPad, but we're even more curious to see what IBM decides to do next.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

BMW will discontinue its iconic i8 hybrid sports car in April

BMW will discontinue its iconic i8 hybrid sports car in April

View
Tesla starts delivering the Model Y

Tesla starts delivering the Model Y

View
'Star Trek: Voyager' gets an unofficial 4K remaster thanks to AI

'Star Trek: Voyager' gets an unofficial 4K remaster thanks to AI

View
NASA warns Moon base plans might slip by a year

NASA warns Moon base plans might slip by a year

View
Roku is giving away 30 days of premium video

Roku is giving away 30 days of premium video

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr