Day in Tech History

December 8, 2004: IBM sells PC Division to Lenovo


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<img width="600" height="600" data-tf-not-load src="https://dayintechhistory.com/wp-content/uploads/2012/12/Lenovo.jpg" class="attachment-full size-full wp-post-image" alt="Lenovo" decoding="async" srcset="https://dayintechhistory.com/wp-content/uploads/2012/12/Lenovo.jpg 600w, https://dayintechhistory.com/wp-content/uploads/2012/12/Lenovo-150x150.jpg 150w, https://dayintechhistory.com/wp-content/uploads/2012/12/Lenovo-300x300.jpg 300w, https://dayintechhistory.com/wp-content/uploads/2012/12/Lenovo-65x65.jpg 65w" sizes="(max-width: 600px) 100vw, 600px" />

<img decoding="async" width="300" height="300" data-tf-not-load src="http://vid.geekazine.com/dith/uploads/2012/12/Lenovo-300x300.jpg" alt="Lenovo" class="wp-image-20389" srcset="https://dayintechhistory.com/wp-content/uploads/2012/12/Lenovo-300x300.jpg 300w, https://dayintechhistory.com/wp-content/uploads/2012/12/Lenovo-150x150.jpg 150w, https://dayintechhistory.com/wp-content/uploads/2012/12/Lenovo-65x65.jpg 65w, https://dayintechhistory.com/wp-content/uploads/2012/12/Lenovo.jpg 600w" sizes="(max-width: 300px) 100vw, 300px" />Lenovo

2004 – It was an interesting day in the Tech community when we heard the news. IBM was getting out of the desktop and laptop markets and focus on server and infrastructure. They started by selling all their assets to Lenovo – China’s largest computer manufacturer. Lenovo wasn’t a household name in the US, but this pretty much changed that overnight.The deal was for $650 million in cash and $600 million in stock. Lenovo would also acquire $500 million in IBM liabilities, which would put the total to $1.75 billion. In return, Lenovo would instantly become the 3rd largest PC vendor with $12 billion in revenue, not to mention major markets in both China and the U.S.

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