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China approves Lenovo, IBM $2.3 billion server deal

04
Jul
2014

BEIJING (Reuters) – The Chinese Ministry of Commerces anti-monopoly bureau has approved Lenovo Groups proposed $2.3 billion deal to buy IBM Corps low-end server business. The deal, announced in January, is expected to be completed by the end of the year, said Lenovo Chief Executive Yang Yuanqing on Wednesday, but still requires U.S. regulatory approval. (Reporting by Paul Carsten)

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