Jump to content

IBM's PC Unit Wins Clearance


scuzzman
 Share

Recommended Posts

A US federal security oversight committee unanimously approved China’s Lenovo Group’s plan to buy IBM’s Personal Computing Division.

The Committee on Foreign Investments in the US completed its review of the proposed $1.75 billion sale, clearing the way for the deal to be completed. According to Stephen Ward, general manager of IBM’s personal systems group, the purchase, which will make Beijing-based Lenovo the world’s third-largest PC maker, is likely to be completed in the second quarter. Ward will become chief executive officer of Lenovo, which will be based in New York while Yuanqing Yang, vice chairman and CEO of Lenovo, will be chairman.

Read more here.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. Privacy Policy