Deals
Lenovo Said to Be in Discussions to Buy IBM Server Business
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Lenovo Group Ltd. is in discussions to acquire International Business Machines Corp.’s low-end server business, and a deal may be signed within weeks, according to a person with direct knowledge of the matter.
Lenovo has completed due diligence, according to the person, who asked not to be identified because the talks are private. The companies failed to agree last year on a price for the assets, estimated to be worth $2.5 billion to $4.5 billion. Lenovo said it’s in preliminary talks on a possible acquisition without identifying the target or seller. The stock rose.