U.S. regulators clear IBM-Lenovo deal

• The U.S. Committee on Foreign Investment (CFIUS) has signed off on the $2.3B sale of NYSE: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%.