China approves Lenovo, IBM $2.3b server deal
Updated: 2014-07-07 09:37
(Agencies)
|
|||||||||||
 |
|
Lenovo Chairman and Chief Executive Officer Yang Yuanqing (R) gestures beside Chief Financial Officer Wong Wai-ming during a news conference announcing the company's annual results in Hong Kong May 21, 2014.[Photo/Agencies] |
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 US regulatory approval.
|
 |
 |
| Preview for 2014: key PC players | Lenovo extends global outreach |
Related Stories
Server buyout going to plan, pledges Lenovo chief 2014-06-27 17:46
Innovation key to Lenovo's branding success 2014-06-17 07:03
Lenovo annual report tallies up a good year 2014-05-22 06:53
Lenovo to build 2,000 smart-TV stores 2014-04-17 07:20
Lenovo makes guarantees to IBM strikers 2014-03-12 09:07
Lenovo to buy Motorola business for $2 billion 2014-01-30 02:02
Today's Top News
China, Germany join hands to drive growth
Meet foreigner breed of workers
Product placement deal backfires
From Westlife to the East
Gambling costs World Cup fans their lives
US supports Ukraine's decision to suspend ceasefire
It's all about making a spectacle
China likely to see 7.5% growth in second quarter
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
|
|
|
|
|
|