The Lenovo-IBM deal in 2005 was more than just a business transaction — it was a seismic event that reshaped the PC industry ...

IBM, which sold its PC and ThinkPad notebook business to Lenovo nine years ago, has now agreed to sell its x86 server business to the Chinese computer giant in a $2.3 billion blockbuster deal.

Lenovo and IBM on Thursday said they finally came to a deal under which Lenovo will acquire part of IBM's server business for about $2.3 billion in cash and Lenovo shares. The headlines ...