HONG KONG (Reuters) – Proposed purchases by Chinas Lenovo Group Ltd of IBM Corps low-end server unit and Google Incs Motorola Mobility business should be completed by year-end, Lenovo Chief Executive Officer Yang Yuanqing said on Wednesday. Last week, the Wall Street Journal reported that the $2.3 billion IBM deal was in limbo while the U.S. government investigated national security issues. The January announcement for the acquisition came nearly a decade after Lenovo bought IBMs money-losing ThinkPad business for $1.75 billion, which had also faced scrutiny. …
Comments are closed.
