NEW YORK — International Business Machines Corp. is considering selling its low-technology businesses, which include former mainstays like electric typewriters and keyboards, according to a report published today.
The businesses could fetch about $3 billion through a proposed leveraged buyout, the Wall Street Journal said, quoting unidentified Wall Street and industry executives.
IBM has already been negotiating with a potential buyer and a deal could be worked out by the end of the month, the newspaper said.
In a statement issued today from its Armonk, N.Y., headquarters, the world's largest computer company said it "has not concluded any transaction like the one speculated on. IBM is in the process of considering many options as it moves to sharpen its strategic focus and remain on the leading edge of the information-processing business."