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IBM Exits x86 Server Market with Lenovo Sale

IBM's System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, IBM Lenovo ServersNeXtScale and iDataPlex servers portfolios are all being sold to Lenovo for the tidy sum of $2.3 Billion.

Financial terms of the deal have Lenovo paying IBM approximately $2 billion in cash with the remaining $300 million in Lenovo stock. In addition to the technology and the money, 7,500 IBM employees are now also being offered jobs by Lenovo.

IBM is not exiting the server business altogether, though, as it will continue to push its Power system and System z mainframe architectures.

Read the full story at ServerWatch:
IBM Sells Server Business to Lenovo for $2.3 Billion

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.