Wednesday, December 08, 2004
IBM Sells Their PC Unit
BEIJING — China's biggest computer maker, Lenovo Group, said
Wednesday it has acquired a majority stake in International Business Machines
Corp.'s personal computer business for $1.25 billion, one of the biggest Chinese
overseas acquisitions ever.
The deal shifts IBM to a peripheral role in a corner of the technology
industry it pioneered.
Holy fuck - I didn't see that one coming.
As the article goes on to state, this will make Lenovo the third largest computer company in the world, and leaves IBM with its outsourcing, consulting, and (presumably limited) software activities.