China approves Lenovo, IBM $2.3 billion server deal
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)
- Tweet this
- Share this
- Digg this
- Microsoft names next operating system 'Windows 10'
- Hong Kong protests approach potential National Day flashpoint
- Obama, Modi work to deepen improving U.S.-India ties
- Kurds seize Iraq/Syria border post; Sunni tribe joins fight against Islamic State
- Tracy Morgan incredulous Wal-Mart blames him for accident injuries
Microsoft Corp announced its 'Windows 10' operating system on Tuesday, skipping a number, to replace the largely unpopular Windows 8 from two years ago. Full Article
Britain's Daily Mail website hires Piers Morgan as U.S. editor-at-large. Full Article