IBM to exit x86 server business?
IBM is reportedly selling its x86 server business to Chinese firm Lenovo, the world's second largest personal computer manufacturer.
The deal would encompass IBM's System x line, which includes Intel and AMD based tower, rack and blade servers. IBM is said to be seeking between $5billion and $6bn for the x86 server business.
Yang Yuanqing, Lenovo's chairman and ceo, confirmed in a statement that the company was in preliminary talks with a third party over a potential acquisition, but stressed that it had not entered into any definitive agreement.
