China's Lenovo in talks about an acquisition
Jan 21 2014 , Hong Kong
Lenovo, the world's number one manufacturer of PCs, has resumed discussions to buy International Business Machines Corp's (IBM) low-end server unit, a source familiar with the matter told Reuters.
"The company has not entered into any definitive agreement in relation to the potential acquisition," Chief Executive Officer Yang Yuanqing said in a filing to the Hong Kong bourse early on Tuesday.
Lenovo said it made the statement in response to reports regarding a possible acquisition by the company of a certain computer server business. It gave no further details.
Lenovo and IBM were in discussions to buy the division last year, but no deal was made as they couldn't agree on a price, sources have said.