China approves USD 2.3 billion Lenovo-IBM deal, US nod awaited
The deal, announced in January, "is expected to be completed by the end of the year", Lenovo Chief Executive Yang Yuanqing has said.
Paul Carsten
- Jul 4, 2014,
- Updated Jul 4, 2014 12:13 PM IST
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 has said.
It still requires US regulatory approval though.
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(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", Lenovo Chief Executive Yang Yuanqing has said.
It still requires US regulatory approval though.
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(Reuters)
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