Lenovo IBM's interest in Lenovo fell below the 5% threshold that mandates public disclosure. IBM's Intel based server lines, including IBM System x and IBM BladeCenter were sold to Lenovo in 2014. Lenovo says it will gain access to more enterprise customers, improve its profit margins, and develop a closer relationship with Intel, the maker of most server processors, through its acquisition of IBM's x86-based server business. On 1 October 2014, Lenovo closed its acquisition of IBM's server division, with the final price put at $2.1 billion. Lenovo said this acquisition came in at a price lower than the previously announced
Lenovo Lenovo Lenovo Group Ltd. or Lenovo PC International, often shortened to Lenovo ( ), is a multinational technology company with headquarters in Beijing, China and Morrisville, North Carolina, United States. It designs, develops, manufactures, and sells personal computers, tablet computers, smartphones, workstations, servers, electronic storage devices, IT management software, and smart televisions. Lenovo was the world's largest personal computer vendor by unit sales from 2013 to 2015. It markets the ThinkPad line of notebook computers, IdeaPad, Yoga and Legion lines of notebook laptops, and the IdeaCentre and ThinkCentre lines of desktops. Lenovo has operations in more than 60 countries and