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Lenovo-IBM talks over server business break down

Jozi
By Jozi
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Valuation concerns have scuttled negotiations, according to a person familiar with the talks.

 

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FORTUNE -- Negotiations between Lenovo and IBM over a multi-billion dollar deal under which Lenovo would acquire parts of IBM's server business have broken down, according to people familiar with the situation.

 

While the discussions could resume, they were halted over valuation concerns, according to a person familiar with the talks.

 

Spokespeople for Lenovo and IBM declined to comment

 

 

http://tech.fortune.cnn.com/2013/05/01/lenovo-ibm-talks-over-server-business-break-down/?iid=SF_T_Lead

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