0
IT

US clears IBM's server business sale to Lenovo

Monday 18 August 2014 | 09:26 CET | News
IBM has received the clearance of the Committee on Foreign Investment in the US (CFIUS) for the USD 2.3 billion sale of its x86-based server business to Lenovo. IBM said the sale will allow it to focus on system and software innovations in areas such as cognitive computing, Big Data and cloud, adding that current x86 customers will have a strong partner going forward. Lenovo confirmed the CFIUS clearance, saying that the move completes the regulatory process in the US although a number of regulatory and business processes are still being worked through. The Chinese company said it was on

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed / IT
Companies: IBM / Lenovo
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

IBM, Fluor, University of Carolina create innovation centre

Published 24 Nov 2014 11:00 CET | North America
IBM, the University of South Carolina (USC) and Fluor Corporation announced the formation of the Center for Applied Innovation to ...

Lenovo to close USD 2.1 bln IBM server acquisition on 01 Oct

Published 29 Sep 2014 10:59 CET | World
Lenovo confirmed it will close its acquisition of IBM's x86 server business on 01 October for USD 2.1 billion. In a statement ...

AT&T, IBM partner to extend private network to customers

Published 18 Sep 2014 21:02 CET | World
AT&T and IBM have partnered to extend AT&T NetBond services to the SoftLayer platform for enhanced security and performance. This ...

IBM opens new European Digital Sales Centre

Published 12 Sep 2014 16:05 CET | Europe
IBM has opened a new state of the art European Digital Sales Centre at the IBM Technology Campus, Dublin. The USD 26 million ...

China Telecom, IBM partner to offer cloud computing services

Published 22 Aug 2014 17:51 CET | China
China Telecom and IBM have entered into a three-year agreement to help small and medium businesses (SMBs) implement secure, ...

IBM mag server onderdeel aan Lenovo verkopen

Published 18 Aug 2014 11:08 CET | United States
IBM heeft van de Committee on Foreign Investment in the US (CFIUS) toestemming gekregen voor de verkoop van zijn x86-server ...

China greenlights Lenovo-IBM USD 2.3 bln server deal

Published 08 Jul 2014 12:35 CET | China
The anti-monopoly bureau within China's Ministry of Commerce has approved Lenovo's proposed USD 2.3 billion deal to acquire IBM's ...

Lenovo to buy IBM x86 server business for USD 2.3 bln

Published 23 Jan 2014 10:31 CET | World
Lenovo confirmed it has entered into a definitive agreement to acquire IBM's x86 server business for USD 2.3 billion. This ...

Lenovo in talks to buy IBM server business - report

Published 21 Jan 2014 08:33 CET | World
Lenovo announced that it's in preliminary negotiations on a potential acquisition. While the company did not provide further ...

Lenovo, IBM server talks break down over price - report

Published 02 May 2013 11:24 CET | World
Negotiations between Lenovo and IBM over a multi-billion dollar deal under which Lenovo would acquire parts of IBM's server ...

Lenovo confirms talks about acquisition of server business

Published 19 Apr 2013 11:05 CET | World
Lenovo has issued a statement saying that it was in preliminary talks with a third party in connection with a potential ...





Calendar   /   Industry Events

23 Feb RSA Conference
25 Feb Infinera Q4 2019
25 Feb Iridium Q4 2019
25 Feb Millicom Q4 2019
25 Feb American Tower Q4 2019
25 Feb Utility Telecoms 2020
26 Feb Crown Castle Q4 2019
26 Feb Syn Q4 2019
26 Feb Avast FY results
26 Feb Orbcomm Q4 2019
26 Feb Box Q4 2019
26 Feb Sina Q4 2019
26 Feb Weibo Q4 2019
26 Feb Shentel Q4 2019
27 Feb Zoom Telephonics Q4 2019
27 Feb Telesat Q4
27 Feb Dell Technologies fiscal Q4
27 Feb VMware fiscal Q4
27 Feb Cogent Communications Q4 2019
27 Feb Cable One Q4 2019
27 Feb Neophotonics Q4 2019
27 Feb Baidu Q4 2019
27 Feb Netia Q4 2019
27 Feb Sunrise Q4 2019
27 Feb Interxion EGM
28 Feb Masmovil Q4 2019
28 Feb Tecnotree FY 2019
28 Feb Freenet Q4 2019
02 Mar Boingo Wireless Q4 2019
02 Mar GTT Q4 2019
::: More Calendar Items