Lenovo Agrees to Buy IBM Server Business for $2.3 Billion - NYTimes.com

Sometimes cheaper things come to those who wait

"‘With the right strategy, great execution, continued innovation and a clear commitment to the x86 industry, we are confident that we can grow this business successfully for the long-term, just as we have done with our worldwide PC business,’’ Yang Yuanqing, Lenovo’s chairman and chief executive, said in a statement, referring to the server industry.

Early last year, Lenovo and IBM were in negotiations about the unit, which includes IBM’s x86 server business. At the time, Lenovo valued the unit at about $2.5 billion, while IBM wanted at least $4 billion."

Lenovo Agrees to Buy IBM Server Business for $2.3 Billion - NYTimes.com