The US government has granted its approval for the sale of IBM’s personal computing unit to Chinese firm Lenovo, IBM said on Wednesday.
A review was conducted because of security and other concerns about the deal.
“With the review by the US government complete, IBM and Lenovo are moving quickly to integrate the two companies and expect to finalize the transaction in the second quarter as planned,” said Steve Ward who will be CEO of the new company. He is senior vice president and general manager for IBM’s Personal Systems Group.
For more details on the agreement, see: www.cio-today.com/story.xhtml?story_id=31089