Lenovo buys IBM

Recently, I added the Lenova Yogatop to my belated Xmas list. Today, I read this story in the Triangle Business Journal:

Lenovo cleared to buy IBM, gets $11M to stay in Triangle


When IBM announced plans to sell its Personal Computing Division to Chinese computer Lenovo for $1.25 billion, it appeared it would be an easy transaction.


Currently, about 1,800 Lenovo employees work in the Triangle, mostly out of offices leased from IBM, says Bill Owens, a vice president who serves as the site chief. Included are 200 customer-support jobs, R&D workers, sales and marketing employees and some finance jobs.

Before Lenovo made its decision to stay in the Triangle, the company set off a controversy by applying for state government incentives. In October, Lenovo announced it would build a new $84 million campus in Morrisville comprising three buildings. The company said 400 jobs would be added in the process. In return, the company was promised more than $11 million in tax incentives by state and local governments.

I can’t wait to see what they offer.

Author: Paloma Cruz

Find out more about Paloma Cruz through the About page. Connect with her on Twitter (www.twitter.com/palomacruz) and (Facebook).

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