China approves Lenovo, IBM $2.3 billion server deal

BEIJING Fri Jul 4, 2014 12:24pm IST

A view of the headquarters of IBM Japan in Tokyo March 18, 2010. REUTERS/Toru Hanai/Files

A view of the headquarters of IBM Japan in Tokyo March 18, 2010.

Credit: Reuters/Toru Hanai/Files

Related Topics

Stocks

   

BEIJING (Reuters) - 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 U.S. regulatory approval.

(Reporting by Paul Carsten)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

New 'Windows'

Reuters Showcase

Netflix Deal

Netflix Deal

Netflix 'Crouching Tiger' deal incurs wrath of theater chains.  Full Article 

PayPal Spinoff

PayPal Spinoff

EBay follows Icahn's advice, plans PayPal spinoff in 2015.  Full Article 

Oracle Convention

Oracle Convention

Larry Ellison still the top draw at Oracle's mega-convention  Full Article 

iPhone 6 in China

iPhone 6 in China

With iPhone 6 approved in China, Apple suppliers ready for demand.  Full Article 

Tax Rules

Tax Rules

EU says Ireland swapped Apple tax deal for jobs.  Full Article 

Music Services

Music Services

Google searches for right note in online music business.  Full Article 

Morgan at Daily Mail

Morgan at Daily Mail

Britain's Daily Mail website hires Piers Morgan as U.S. editor-at-large.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage