Link1. "tis 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."
Link2. "IBM, the pioneer of the personal computer business, has sold its PC hardware division to China's number one computer maker Lenovo. After days of rumours, the announcement heralds a $1.75bn (£900m) deal which will make the combined operation the third biggest PC vendor in the world. Lenovo, formerly known as Legend, has been pushing hard to spread its brand on the international stage. IBM, meanwhile, will be free to focus on its other more lucrative businesses."
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