Tuesday 30 May 2017

China nod for $2.3bn IBM-Lenovo deal

Beijing, July 5, 2014

The Chinese Ministry of Commerce's anti-monopoly bureau has approved Lenovo Group's proposed $2.3 billion deal to buy IBM Corp's low-end server business.

The deal, announced in January, is expected to be completed by the end of the year, said Lenovo chief executive Yang Yuanqing on Wednesday, but still requires US regulatory approval.-Reuters

Tags: China | IBM | Lenovo |

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