IBM (PC Division)
To say the least, IBM’s history is fascinating. Since its inception in IBM, this company has aided the United States in maintaining its technological leadership. It was more involved in business machines than computers back then. Lenovo purchased its PC division for $1.75 billion in 2004.
Chuanzhi Liu, who was the CEO of Lenovo back then shared, “As Lenovo’s founder, I am excited by this breakthrough in Lenovo’s journey towards becoming an international company.” IBM CEO Sam Palmisano, on the other hand, expressed his thoughts by saying, “Today’s announcement further strengthens IBM’s ability to capture the highest-value opportunities in a rapidly changing information technology industry.”
Legendary Entertainment Group
Dalian Wanda Group decided to go all-in by purchasing a movie studio in 2016 after purchasing AMC, which had seen tremendous success in the film industry. Legendary Entertainment Group transferred ownership of the Chinese company after selling its stake in it for $3.5 billion.
The Dalian Wanda Group intended to include it in its current portfolio of businesses at the time. However, it was eventually decided that keeping things as they were was the best option. Let’s take a look at how things are going for LEG now that the transaction has been completed for four years. Since its takeover in 2011, the company has produced films such as Jurassic World: Fallen Kingdom, Pacific Rim: Uprising, Kong: Skull Island, and Skyscraper!