Chinese firm buys IBM PC business
IBM,a pioneer of the personal computer business, is selling its PC hardware division to China's number one computer maker Lenovo.
After days of rumours, the announcement heralds a $1.75bn (£900m) deal which will make the combined operation the third biggest PC vendor in the world.
Lenovo, formerly known as Legend, has been pushing hard to spread its brand on the international stage.
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