Lenovo's x86 server buyout from IBM clears last US hurdle

August 16, 2014

Lenovo’s planned acquisition of IBM’s x86 server business for US$2.3 billion has cleared a major U.S. regulatory hurdle, paving the way for the deal to close by the end of the year.The deal has been cleared by the Treasury Department’s Committee on Foreign Investment in the United States (CFIUS), which looks into transactions involving foreign owners that could affect U.S. national security.In June, The Wall Street Journal reported the deal could be in jeopardy because the U.S. has sometimes viewed Chinese companies with suspicion. In October 2012, U.S. lawmakers advised the private sector not to buy equipment from Huawei or ZTE, saying the gear posed national security risks.To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2466060/lenovos-x86-server-buyout-from-ibm-clears-last-us-hurdle.html#tk.rss_all