Who owns Lenovo?

Discussion in 'Lenovo' started by SpotBurner, Mar 24, 2008.

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  1. SpotBurner

    SpotBurner Notebook Geek

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    My real estate agent was over to my house and saw my new T61. He says, nice notebook, you know they were bought out by some Chinese company about 5 months ago? I said IBM owns Lenovo. He says, no, they were just bought by some Chinese company.

    I really don't care, I just want to know how I should have replied.

    1. Mike, you're FOS as usual. Or...
    2. Really, I didn't know that, how interesting. Or...
    3. Yeah, I remember seeing all those Chinese city names when following
    it's build, so that's what that meant!


    Really, it doesn't matter to me who owns Lenovo but I really thought it was IBM. :confused:
     
  2. MPC

    MPC Notebook Consultant

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    As of May 31, 2007, 39.6% of Lenovo is owned by public shareholders, 42.4% by Legend Holdings Limited, 7.9% by IBM and 10.1% by Texas Pacific Group, General Atlantic LLC and Newbridge Capital LLC. Because the Chinese Academy of Sciences, a Chinese government agency, owns 65% of Legend Holdings, effectively the Chinese government owns about 27.5% of Lenovo and is the largest shareholder.

    It is headquartered in Beijing, China
     
  3. dtwn

    dtwn C'thulhu fhtagn

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    Actually it's the other way round. Lenovo owns IBM. And Lenovo is a Chinese company. Actually, more accurately, Lenovo owns IBM's PC division.
     
  4. Andrew Baxter

    Andrew Baxter - Super Moderator

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    Quoting for truth and to backup this answer. Lenovo bought the PC Division of IBM, the Lenovo name is on most ThinkPad products sold at this time now.
     
  5. SpotBurner

    SpotBurner Notebook Geek

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    OK, correct answer to Mike should have been:

    It's more complicated than that. But I think you're still FOS most of the time. :p
     
  6. wobble987

    wobble987 Notebook Virtuoso

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    you should have replied:

    2. Really, I didn't know that, how interesting

    i'm not sure how long ago.. but its more than a year ago i think...

    but YES! Lenovo bought IBM PC division (as Andrew said), and now they produced, designed, and engineered thinkpad notebook. as far as i know; the quality of the thinkpad line has not been compromised.
     
  7. SpotBurner

    SpotBurner Notebook Geek

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    So was it ever correct to say IBM bought Lenovo? That was what I'd originally heard when looking for a notebook (which now it seems was after Lenovo bought the IBM PC Division...or whatever). Color me :confused: :eek: :rolleyes: :eek:
     
  8. objectref

    objectref Notebook Consultant

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    yet.........:eek:
     
  9. gamemint

    gamemint Notebook Evangelist

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    I thought IBM own lenovo guess it is the other way around
     
  10. symple

    symple Notebook Enthusiast

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    From my understanding Lenovo was in charge of thinkpad production even when ibm owned the thinkpad trademark for some time...just a note...
     
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