Lenovo to buy IBM's low-end server unit for $2.3 billion

By Paul Carsten and Soham Chatterjee (Reuters) - Chinese PC maker Lenovo Group Ltd has agreed to buy International Business Machine Corp's low-end server business for $2.3 billion in what would be China's biggest technology deal. The long-expected acquisition comes nearly a decade after Lenovo bought IBM's money-losing ThinkPad business for $1.75 billion, eventually becoming the world leader in personal computers in 2012. The sale of the low-end server operation - which still needs U.S. ...

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