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  1. News - China

    IBM sacks staff on strike against severance following Lenovo deal

    Posted Mar 12th 2014, 04:58am by He Huifeng

    ... He Huifeng huifeng.he@scmp.com US company fires staff striking over terms offered following deal with Chinese PC giant IBM sacks Lenovo protest workers Nineteen workers at an IBM factory ... the server-making unit of IBM, had been on strike since March 3 after the management announced the terms of their transfer to Chinese computer maker Lenovo. The 19 workers were fired on Monday ...

    http://www.scmp.com/news/china/article/1446650/ibm-sacks-staff-strike-against-severance-following-lenovo-deal
  2. Business - Companies - ACQUISITIONS

    Lenovo to pay US$2.3 billion for IBM's low-end server business

    Posted Jan 23rd 2014, 05:42pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Lenovo to pay US$2.3b for IBM server business Lenovo, the world's largest supplier of personal computers, has agreed to buy the commodity server business of International Business Machines for US$2.3 billion in cash and shares, marking the biggest-ever acquisition by a Chinese technology company. The deal, which follows Lenovo ...

    http://www.scmp.com/business/companies/article/1411849/lenovo-pay-us23-billion-ibms-low-end-server-business
  3. Business - Companies - TECHNOLOGY

    Lenovo halts trading as speculation on IBM server deal heats up

    Posted Jan 23rd 2014, 10:22am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Trading in the shares of Lenovo, the world’s largest supplier of personal computers, was halted Thursday morning as speculation swirled about the company’s ... In the company’s regulatory filing, Lenovo chairman and chief executive Yang Yuanqing said trading was halted “pending the release of an announcement in respect of a disclosable transaction”. Lenovo could ...

    http://www.scmp.com/business/companies/article/1411599/lenovo-halts-trading-speculation-ibm-server-deal-heats
  4. Business - Companies

    Lenovo's IBM ties may pave way for enterprise storage acquisition

    Posted Feb 06th 2014, 01:50pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Lenovo's IBM ties may pave way for storage deal Lenovo could be looking at another big deal with International Business Machines, following its acquisition of IBM's low-end server division, analysts said. Under a US$2.3 billion agreement to buy IBM's x86 server business, Lenovo appears to be paving the way for a future acquisition ...

    http://www.scmp.com/business/companies/article/1421982/next-target-lenovos-shopping-spree-may-be-enterprise-storage
  5. Business - Companies - ANALYSIS

    Lenovo's IBM server deal faces near-term challenges

    Posted Jan 25th 2014, 05:29am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Hardware companies typically lose market share after mergers, but bounce back later Lenovo needs to wait for IBM payoff After basking in the glow of its US$2.3 billion deal to buy the commodity server business of International Business Machines, it's time for Lenovo to face up to some of the uncertainties the major acquisition brings. ...

    http://www.scmp.com/business/companies/article/1412871/lenovos-ibm-server-deal-faces-near-term-challenges
  6. Business - Companies - TECHNOLOGY

    Lenovo's IBM deal will help EMC expand its market, storage systems giant says

    Posted Mar 04th 2014, 11:37am by BIEN PEREZ

    ... benefit from Lenovo's server purchase EMC, the world's largest maker of storage systems, says its international expansion plan will receive a shot in the arm when Lenovo completes its acquisition of International Business Machines' low-end server business. "Lenovo is going to be stronger in data centres [following that acquisition], where we are already strong, so ...

    http://www.scmp.com/business/companies/article/1439980/lenovos-ibm-deal-will-help-emc-expand-its-market-storage-systems
  7. Business - Companies - ACQUISITIONS

    Lenovo poised to make its biggest acquisition with IBM server deal

    Posted Jan 21st 2014, 11:49am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Lenovo in talks to acquire IBM asset Lenovo, the world's largest supplier of personal computers, could end up paying as much as US$3 billion to buy the low-end server business of International Business Machines, months after talks between the two companies reached an impasse over price. If it proceeds, it would be Lenovo's biggest-ever ...

    http://www.scmp.com/business/companies/article/1410184/lenovo-poised-make-its-biggest-acquisition-ibm-server-deal
  8. Business - Companies - TECHNOLOGY

    Potential IBM deal to lift Lenovo into x86 server top ranks

    Posted Jun 08th 2013, 12:00am by BIEN PEREZ

    ... Purchase of server business by second-largest supplier of personal computers would propel Chinese firm into top ranks of that industry A potential deal by Lenovo to buy part ... "would be transformational for Lenovo", putting it on the fast track to be the mainland's biggest server supplier and a major international player by 2016. In contrast, Lenovo ...

    http://www.scmp.com/business/companies/article/1256005/potential-ibm-deal-lift-lenovo-x86-server-top-ranks
  9. Comment - Blogs

    Lenovo raises funds, IBM servers in sight?

    Posted Jun 03rd 2013, 10:57am by Doug Young

    ... Lenovo's upcoming debt offer is likely to raise US$1 to $2 billion, and will be used to help finance its desired purchase of IBM's low-end server business PC giant Lenovo ( 0992 ... speaking, this announcement also marks a new chapter in Lenovo's development as it adds bonds to its arsenal of to tools for financing global M&A. In the past, Lenovo typically gave stock ...

    http://www.scmp.com/comment/blogs/article/1252484/lenovo-raises-funds-ibm-servers-sight
  10. Business - Companies - TECHNOLOGY

    Lenovo in main frame for IBM's server unit

    Posted Apr 19th 2013, 10:25am by Bloomberg

    ... Lenovo Group, the Chinese personal-computer maker, had emerged as the most likely bidder for International Business Machines' low-end server business, a person familiar ... An agreement might still be several weeks away, the person said. A deal with Lenovo would build on IBM's sale of its personal computer unit to the Beijing-based company in 2005. Lenovo used ...

    http://www.scmp.com/business/companies/article/1218079/lenovo-eyes-potential-purchase-report-ibm-deal

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