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A deal that has been rumored for several months, China-based PC maker Lenovo Group Ltd has agreed purchase IBM’s server business in the biggest merger deal in Chinese history, worth $2.3 billion.
IBM's server business posted a loss of $26.4 million in the last 12 months and profits of $187 million in the 12 months that ended last March. Lenovo told Reuters that the x86 generates $4.6 billion in annual revenue.
Source: entrepreneur
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