Lenovo expects IBM, Mobility deals to be concluded by end-2014

July 3, 2014 3:39 am


China’s Lenovo Group has said its proposed purchases of IBM Corp’s low-end server unit and Google Inc.’s Motorola Mobility business should be completed by year-end, Reuters has reported. “Both deals are under the approval process in the two countries and they are progressing,” Lenovo CEO, Yang Yuanqing, said at Lenovo’s annual general meeting in Hong Kong. “We hope to complete the two deals by year-end,” he said.

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