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Major technology company considers sale of a business segment

Anyone in Colorado who has used a computer over the past decade or so likely remembers how prevalent the company IBM was in personal computing. In fact, it was IBM's chip business that may have made the business a household name in technology. Yet, as time has passed, the company's focus has turned to different ventures, including cloud and cognitive computing technologies.

Now, recent reports are suggesting that IBM is looking into the possibility of selling of its chip-making business. Apparently, this part of the company no longer aligns with ongoing core strategy, and the money required to keep up in the competitive business has posed challenges to the overall company. Despite the reports, though, it appears for now as if the company is still considering all of its options, including the possibility of keeping the business segment, but seeking a partner in a joint venture setup.

Companies the size of IBM could be thought of as a group of smaller companies under one leadership structure. In this sense, the "chip business" could be thought of as its own business, and one that could soon be undergoing asset sale transactions, much like a smaller business might as it goes through a sale or dissolution process. In any situation where a business owner is thinking of selling off the company, it can be important to consider a number of exit strategies to ensure the best possible outcome. In some cases, that may be full dissolution and a sale of assets, while in others it may be selling the business to another stakeholder who can continue operations.

Considering the history IBM has with its chip business, it will be interested to follow this story as it progresses. However, for those in Colorado facing a similar crossroads, legal advice may be helpful in charting the best path forward.

Source: Fox Business, "Report: IBM Mulls Selling Chip Business, Hires Goldman as Advisor," Feb. 7, 2014

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