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Lenovo, IBM to Close $2.1 Billion Server Deal Oct. 1

By Jeffrey Burt | Posted 2014-09-29 email.jpg Email print.gif Print

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Lenovo will become the world's number-three server maker, with designs to pass HP and Dell.

Lenovo on Oct. 1 will become the world's third-largest server vendor, and will begin efforts to overtake Hewlett-Packard and Dell for the top spot, according to officials.

Lenovo and IBM executives on Sept. 29 announced that, in two days, they will close the $2.1 billion deal in which Lenovo will buy IBM's x86 server business. The acquisition that was announced in January is part of Lenovo's larger push to become a dominant player in all segments of computing, an effort that includes the vendor's current bid to buy Motorola Mobility from Google for $2.9 billion.

- See more at: http://www.eweek.com/servers/lenovo-ibm-to-close-2.1-billion-server-deal-oct.-1.html#sthash.OsbZwerm.dpuf

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