US clears $2.3b Lenovo deal for IBM unit
Sunday, 17 August 2014
NEW YORK, Aug 16: IBM said Friday that US authorities had cleared a $2.3 billion deal allowing China- based Lenovo to take over its server unit after a national security review. The Committee on Foreign Investment in the United States (CFIUS), which reviews takeovers which could have national security implications, notified IBM "of the successful conclusion of the committee's review," the company said in a statement. — AFP