also @ TechSpot: AT&T unleashes solar-powered phone chargers into New York parks

› ›

IBM, Lenovo deal is a go

By

On March 9, 2005, 7:02 PM

Much publicized deal between IBM and China's computer maker Lenovo has won clearance from U.S. national security oversight committee, putting the $1.25 billion PC sale on track. According to this report on Reuters, this will be the first time a major U.S. and a top Chinese corporation merge, and make it a big one, since the deal will create the world's third largest PC maker and one strongly positioned in several fast-growing markets.

"We were able to get unanimous agreement from the members of the committee," Stephen Ward, the general manager of IBM's Personal Systems Division, said in a telephone interview. Ward is to become chief executive of Lenovo, which is headquartered in Beijing, once the deal closes.

No tags on this story

Post a comment

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.
TechSpot on:

Most Popular

Trending Featured
More Trending Topics

Downloads and Drivers

Downloads   Drivers  

Snapchat 2.1.0

Light Alloy 4.7.0

Speccy 1.21.491

Tweak-SSD 1.0.20

EZ CD Audio Converter 1.2.2

More Downloads

From the Forums

Driver Help For Windows XP 12 replies on Device Drivers

What's the best video card my computer can handle? 15 replies on Audio and Video

TV resolution 10 replies on Audio and Video

Graphics cards 9 replies on Audio and Video

Occasional Desktop gadgets disappearing 6 replies on Software Apps

More Recent Discussion

Subscribe to TechSpot

Get free exclusive content, learn about new features and breaking tech news.