IBM shaves more off its Lenovo holding

IBM is continuing to cut down its interest in the PC market as it announced on Monday that it was again selling some of its shareholding in Lenovo. IBM is selling 116.19 million shares which would decrease its holding in Lenovo from 5.96 percent to 4.7 percent according to Reuters. It would also take the IBM/Lenovo shareholding below the figure of 5 percent at which shareholdings must be declared.

Ever since IBM's PC business was bought by Lenovo, the shareholding has been steadily decreased.