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
Trending On Reuters
Sony Cyber Attack
North Korea said U.S. accusations that it was involved in a cyberattack on Sony Pictures were "groundless slander" and that it was wanted a joint investigation into the incident with the United States. Full Article