Lenovo, IBM deal approved by China

Lenovo's (LNVGF) $2.3B deal for IBM’s (IBM) low-end server business has been approved by the the Chinese Ministry of Commerce's anti-monopoly bureau.

The acquisition is still awaiting approval in the U.S., as the Committee on Foreign Investment in the United States investigates possible American national-security risks under the proposed deal, including concerns of the Pentagon's use of IBM servers.

Comments (6)
  • Crazyaintit
    , contributor
    Comments (36) | Send Message
    Can anyone venture a guess as to the time frame for U.S. approval of the China deal? Something tells me that if it's congressional approval, the do-nothing--at-all-costs republican congress is likely to ...well, not do anything on this at all. Yes? Ño?
    4 Jul 2014, 09:16 AM Reply Like
  • Momintn
    , contributor
    Comments (6083) | Send Message
    As an IBM investor, I do not care one way or the other. I prefer that national security advisors make the best decision for our nation. IBM is large enough with many new ventures that they will do well either way.
    4 Jul 2014, 11:03 AM Reply Like
  • King Rat
    , contributor
    Comments (1827) | Send Message
    The last time IBM sold Lenovo part of its business Lenovo turned it around and benefited handsomely. This deal is in no way bad for IBM but it sure looks great for Lenovo.
    4 Jul 2014, 09:11 PM Reply Like
  • Lorvic
    , contributor
    Comments (32) | Send Message
    Do nothing Replublican? How about the do nothing "Reid" Democratic Senate. Almost 100 bills have passed the House that Reid has not allowed to come to a vote in the
    4 Jul 2014, 11:27 PM Reply Like
  • Crazyaintit
    , contributor
    Comments (36) | Send Message
    He will I'm sure, once they run out of tea
    8 Jul 2014, 10:25 AM Reply Like
  • robsolovy
    , contributor
    Comments (7) | Send Message
    Politics aside, IBM never made money in the PC end of the business and I doubt they could compete in servers. Ask yourself two questions, 1, how many mainframes are in the forecast and pipeline and 2, what is their competition in the services and consulting end? IBM is a legacy stock and will.soldier on, but it's glory days are over IMHO
    5 Jul 2014, 10:28 PM Reply Like
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