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IBM exploring sale of software defined networking business

A week after selling its server business unit to Lenovo, IBM is now exploring the sale some of its networking assets and may be seeking as much as a $1 billion, sources familiar with the matter tell Re/code.

When Big Blue sold its x86 server unit to Lenovo in a deal worth $2.3 billion last week, included with the deal were several networking products including switches and other products used to enable connections between servers.

Read the entire story at Re/code.

By Arik Hesseldahl, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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