In China, the PC market accounted for nearly 30% of the market share announced that the world's third largest personal computer manufacturers were set up with $ 1.25 billion in cash and stock acquisition of well-known brands IBM. By then, IBM will hold 18.9% of the Lenovo Group, become the second largest shareholder of Lenovo. In addition, there are $ 500 million net liabilities to the Lenovo name, with a total transaction reach $ 1.75 billion. The merger means that the annual shipments of Lenovo will reach 11.9 million units, and sales will reach 12 billion US dollars, and Lenovo's personal computer business has increased by 4 times. IBM thus slammed the "baggage", focusing on software and services. Lenovo after the acquisition will integrate IBM's notebook business, Lenovo brand awareness in China's fastest growing electronic information market, thereby forming a huge distribution, sales network and a wide range of global worldwide in 160 countries and regions around the world. The visibility increased the strength of "Tell" of Dell, HP. The current chairman of Lenovo, President and CEO, President of the New Lenovo, said Yang Yuanqing, said that in the next 18 months, IBM and Lenovo have followed their own brands, and will be integrated, and the common brands of both sides may be enabled. . The current IBM Senior Vice President and IBM Personal System Department General Manager Stephen Ward will serve as the CEO of New Lenovo. New Lenovo will have its own original 10,000 employees and 10,000 employees from IBM.
