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IBM-Lenovo deal clears security hurdle

www.chinanews.cn 2005-03-10 08:48:26

(Source: CRIENGLISH.com)

Mar. 9 - A US government panel has cleared the deal for China's Lenovo to
acquire the personal computer operations of IBM.
International Business Machines Corp. and Lenovo Group Ltd. of China made
a joint statement Wednesday that the Committee on Foreign Investment in
the United States (CFIUS), an interagency panel that can block mergers
for national security reasons, had cleared the deal.
Lenovo, China's largest personal computer maker, will manufacture PCs for
the global market with the IBM name under the deal signed last year. This
will include IBM's "ThinkPad" notebook computers.
Lenovo paid some 1.75 billion dollars under the deal, which underscores
the move toward lower-priced PCs.

          ��Lenovo to enter the Japanese market (2005-01-05)
          ��Great Wall and IBM launch joint venture (2004-12-13)

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