U.S. regulators clear IBM-Lenovo deal

The U.S. Committee on Foreign Investment (CFIUS) has signed off on the $2.3B sale of IBM's x86 server unit to Lenovo (OTCPK:LNVGY).

The deal had been closely scrutinized due to the division's sales to U.S. government clients, sales which have included a decent number of supercomputer deals. IBM has tried to soothe concerns in part by promising it would continue handling maintenance work on Lenovo's behalf "for an extended period."

Chinese regulators cleared the deal in July. Ahead of the sale, IBM's x86 server revenue fell 3% Y/Y in Q2, a much smaller decline than Q1's 18%.

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Comments (4)
  • rgperrin
    , contributor
    Comments (1650) | Send Message
    Why not, "has approved"?
    15 Aug 2014, 04:46 PM Reply Like
  • JYX
    , contributor
    Comments (33) | Send Message
    lenovo will acquire EXTR next!
    15 Aug 2014, 06:07 PM Reply Like
  • JYX
    , contributor
    Comments (33) | Send Message
    look for a break out for EXTR on Monday!
    15 Aug 2014, 06:22 PM Reply Like
  • Brian Babylon
    , contributor
    Comments (94) | Send Message
    Paying a company to dump the toxic waste chip foundries on is the much bigger thing they need to get done ASAP!
    15 Aug 2014, 10:00 PM Reply Like
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