This Article is From Jul 04, 2014

China Approves Lenovo's $2.3-Billion Server Deal With IBM

China Approves Lenovo's $2.3-Billion Server Deal With IBM
Beijing:

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, Lenovo chief executive Yang Yuanqing said on Wednesday.

The deal, however, still requires US regulatory approval.

Copyright @ Thomson Reuters 2014

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