IBM has reached a definitive agreement to sell its PC division to China-based computer vendor Lenovo Group in a deal that will effectively create a $12 billion PC company that will compete against ...

We all know that IBM, Dell and others used the turmoil surrounding HP's Compaq acquisition to inject as much fear, uncertainty and doubt (FUD) into the market as possible in an attempt to get solution ...

Chinese computer maker Lenovo has closed a $1.25 billion deal to buy IBM's personal-computer division. The sale, one of the biggest acquisitions ever by a Chinese company, will create the world's ...

IBM's PC unit piled up nearly $1 billion in cumulative losses in recent years, the company said in a filing detailing the planned sale of the business to China's Lenovo Group. The merger of IBM's PC ...

Just how much money has IBM lost in the PC business in the last few years? It’s a lot – even for an IT industry titan like Big Blue. Of course, no one outside the company really knew the full story ...