Posted Jan. 29, 2014 at 6:41 a.m.

Premium Lock Sources: Lenovo to pay IBM up to $200M if server deal fails

Published: 2014-01-29 06:41:10
Updated: 2014-01-29 06:41:10

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IBM's x86 server business operates globally A slide from Lenovo shows the geographical expanse of the x86 server business of IBM which is headquartered in the Triangle.

Lenovo will pay IBM a fee that's more than double the typical size should it fail to acquire IBM's low-end server unit in a deal valued overall at $2.3 billion, people familiar with the matter tell Bloomberg news. Lenovo is gearing up for the deal with a corporate reorganization. Meanwhile, investors are driving up Lenovo shares....

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