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Lenovo secures China nod for $2.3bn IBM deal

: Monday, July 07 - 2014 @ 04:01

Lenovo Group has secured the approval of the Chinese Ministry of Commerce’s anti-monopoly bureau for its proposed $2.3bn deal to buy IBM Corp’s low-end server business, Reuters has reported. The deal, which still requires US regulatory approval, is expected to be completed by the end of the year, said Lenovo chief executive Yang Yuanqing last Wednesday.

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Monday, July 7- 2014 @ 4:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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