Historic Tech Events
In 2014, IBM sold its x86-based server business to Lenovo Group for $1.75 billion. The deal included the System x, BladeCenter, and Flex System blade servers and switches, as well as the associated software, customer contracts, and employees. IBM's move to sell its computing division was part of its broader strategy to focus on higher-margin businesses such as cloud computing and analytics. The deal also helped Lenovo expand its market share in the server market and strengthen its position as a global technology leader. IBM retained its higher-end server business, including its Power Systems and System z mainframes.