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Top 10 economic events that made news in 2014

Updated: 2014-12-29 07:53 By Mu Chen/Zhu Wenqian (China Daily)
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5. Lenovo snaps up IBM's server business, Motorola

Lenovo Group Ltd, the Chinese personal-computer manufacturer, completed its $2.1 billion acquisition of International Business Machines Corp's low-end server business on Sept 29, making it the third-largest server vendor behind Hewlett-Packard Co and Dell Inc. It already owns IBM's PC business, which it bought in 2005.

In October, Lenovo acquired Motorola Mobility for $2.91 billion from Google Inc, a deal which elevated Lenovo to the world's third-largest smartphone producer after Apple Inc and Samsung Electronics Co, overtaking Xiaomi Corp. The acquisitions strengthened its position and presence in the United States and other developed markets.

Top 10 economic events that made news in 2014
 

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