mar 10, 2005 - Lenovo acquires IBM's PC business

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Nearly a quarter century after IBM launched their PC in 1981, they had become merely another player in a crowded marketplace. Lenovo, China's largest manufacturer of PCs, purchased IBM's personal computer business in 2005, largely to gain access to IBM's ThinkPad line of computers and sales force. Lenovo became the largest manufacturer of PCs in the world with the acquisition, later also acquiring IBM's server line of computers.

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