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Lenovo To Buy Ibm Sever Business For $2.3 Billion

government committee that reviews foreign acquisitions on national-security grounds. The sale of the server unit would help IBM focus on more profitable areas such as software and services, while scaling back on low-margin hardware businesses. In IBM's latest earnings report Tuesday, weak results at its hardware operations contributed to the sharpest decline in the company's quarterly revenue in more than four years. For Lenovo, the acquisition could help it become competitive in the enterprise server market where the Chinese company is still a minor player, far behind dominant U.S. rivals such as Hewlett-Packard Co., Dell Inc. and IBM.

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