Lenovo Expects IBM, Mobility Deals To Be Completed By Year End

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Proposed purchases by China’s Lenovo Group Ltd of IBM Corp’s low-end server unit and Google Inc’s Motorola Mobility business should be completed by year-end, Lenovo Chief Executive Officer Yang Yuanqing said on Wednesday.

The deals are currently undergoing approval by U.S. and Chinese regulators. “Both deals are under the approval process in the two countries and they are progressing,” Yang said at Lenovo’s annual general meeting in Hong Kong. Original post at Reuters

Wahengbam Rorrkychand

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