IBM and Lenovo 'halt talks on Big Blue deal'

IBM and Lenovo have called off negotiations over a multibillion-dollar deal in which the Chinese company would have bought Big Blue's low-end server business, Fortune magazine cited unidentified sources as saying on Wednesday. Talks between the two companies were halted after disagreement over the valuation of a business that sells servers used to power corporate datacenters, the business magazine cited a person familiar with the discussions as saying. It said the negotiations could still resume.

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