Lenovo's acquisition of IBM's PC division

Updated: 2004-12-08 10:07


Yang Yuanqing, president and CEO of Lenovo, speaks at a press conference in Beijing, December 8, 2004. During the press conference, Lenovo announced that it is to acquire IBM's PC division for US$1.25 billion. [newsphoto]


Lenovo Chairman Liu Chuanzhi (R) and Yang Yuanqing, president and CEO of Lenovo, gesture at a press conference in Beijing, December 8, 2004. During the press conference, Lenovo announced that it is to acquire IBM's PC division for US$1.25 billion and Yang is to become chairman of the board of Lenovo Group Ltd. [newsphoto]