Lenovo is about to finalise its acquisition of IBM's low-end server business for US$2-2.5bil, as it moves to remould itself as a force in mobile devices and data storage servers - Reuters Photo.
REUTERS: Lenovo Group Ltd is nearing an agreement to buy International Business Machines Corp's low-end server business for US$2-2.5bil, a deal that would help the Chinese company counter the shrinking personal computers market, people familiar with the matter said.
The timing of the deal was uncertain, with one of the people saying an announcement could come as early as Thursday. The final price could be close the bottom end of the range, the person said.
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