April 19, 2013 – Lenovo Group Ltd., the Chinese personal-computer maker, is the most likely bidder for parts of IBM’s server division, a person familiar with the matter said.
The business, which sells servers running x86 processors to store corporate data and run computing functions, may fetch $2.5 billion to $4.5 billion depending on what assets and liabilities are included, said the person, who asked to not be named because the talks are private. An agreement may still be several weeks away, the person said.
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