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TechRadar
TechRadar
Ross Kelly

How Lenovo’s IBM PC acquisition took it from global market minnow to industry heavyweight

Lenovo IBM
Lenovo company logo.

When Lenovo acquired IBM’s Personal Computing division, the move marked the end of an era for one industry giant and produced another.

The deal, valued at $1.75 billion (£900m), was announced in December 2004 and completed in May 2005. The acquisition made Lenovo the world’s third-largest PC maker at the time, propelling the Chinese device manufacturer to new heights.

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