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Lenovo Group Ltd Says In Potential M&A Talks; Report Of International Business Machines Corp Server Deal-Reuters


Thursday, 18 Apr 2013 09:48pm EDT 

Reuters reported that Lenovo Group Ltd was in preliminary talks about a potential acquisition, following a media report that International Business Machines Corp (IBM) was negotiating the sale of its x86 server hardware business to the Chinese computer maker. IBM wants $5 billion to $6 billion for the business, which sells low-priced servers traditionally used to power large corporate data centers, said technology news site CRN.