is reportedly on the verge of a deal to sell a majority interest in its PC business to Lenovo Group, China's top PC company.
Lenovo is expected to pay about $2 billion, according to a Tuesday report in
The Wall Street Journal.
A deal could be announced as soon as Tuesday.
The possibility of a deal was first reported last Friday by
The New York Times
For some time now, IBM has been focusing on computer services and the business end of the market and is a distant No. 3 to PC industry leader
is the other remaining major player.
IBM shares rose $1.94, or 2%, to $97.70 in premarket trading.