August 15, 2014 5:16 PM

Lenovo's $2.3B server deal with IBM wins US government approval

Lenovo's $2.3 billion acquisition of a line of servers from IBM has been approved by the federal government. The world's largest PC company, which is based in China and has a headquarters in Morrisville, confirmed Friday that the IBM deal has been approved by the government's Committee on Foreign Investment in the US. That was the final step the company needed to win federal clearance.

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