Category Archives: Cloud Computing

Lenovo to Pay Less for IBM Servers With Closing This Week

Lenovo to Pay Less for IBM Servers With Closing This Week

The final price will be $2.1 billion, down from the $2.3 billion originally announced in January, to reflect lower-than-projected inventories at the time of the Oct. 1 closing, Brion Tingler, a spokesman for Lenovo, said by phone today. The transaction wasn’t restructured, he said. Read the source article at Bloomberg

SoftBank Loses Some Luster After Alibaba IPO

SoftBank Loses Some Luster After Alibaba IPO

With a 32% stake in Alibaba Group that’s worth around $71 billion, Japan’s SoftBank is one of the biggest winners in the Chinese Internet company’s blockbuster initial public offering. Read the source article at WSJ Blogs