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

SpaceShip Crash

Reuters Showcase

Hack Attack

Hack Attack

J.P. Morgan found hackers through breach of corporate event website - WSJ.  Full Article 

Fighting Back

Fighting Back

Samsung Elec seeks China comeback with first metallic smartphones.  Full Article 

Cook Comes Out

Cook Comes Out

Apple's Cook: "I'm proud to be gay".  Full Article 

Glowing Flower

Glowing Flower

Video: Genetically altered glowing flower on display in Tokyo.  Video 

Cloud Solutions

Cloud Solutions

Tencent teams up with IBM to offer business software over the cloud.  Full Article 

Reuters India Mobile

Reuters India Mobile

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