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TMCNet:  IBM Issues Statement on U.S. Government Regulatory Approval of x86-Based Server Divestiture to Lenovo

[August 15, 2014]

IBM Issues Statement on U.S. Government Regulatory Approval of x86-Based Server Divestiture to Lenovo

ARMONK, N.Y. --(Business Wire)--

IBM (News - Alert) (NYSE: IBM) today is pleased to announce it has received notice from the Committee on Foreign Investment in the United States (CFIUS) of the successful conclusion of the committee's review of the divestiture of its x86-based server business to Lenovo (News - Alert). The clearance by CFIUS o this transaction is good news for both IBM and Lenovo, and for our customers and employees. The parties now look forward to closing the transaction.

The approval of the $2.3 billion sale to Lenovo enables IBM to focus on system and software innovations that bring new kinds of value to IBM clients in areas such as cognitive computing, Big Data and cloud, and provides clarity and confidence to current x86 customers that they will have a strong partner going forward.


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