| Home | News| Living in China| MMS | SMS | About us | Contact us|
   
 Language Tips > Business news
Updated: 2005-03-10 10:34
 
Lenovo wins US nod to buy IBM PC

3月9日晚7时半,联想宣布收购IBM全球PC业务提前完成了美国政府的所有审批程序,这意味着联想收购IBM全球PC业务的最大的一个障碍已经逾越,收购将最终顺利完成,联想的低价电脑将可能在美国市场销售。

 

Lenovo wins US nod to buy IBM PC
Customers talk with sales staff at a Lenovo outlet in Shanghai. (newsphoto)

Lenovo Group Ltd won clearance from a US national security oversight committee to acquire IBM's personal computer business, the companies said yesterday, overcoming resistance from some US lawmakers.

An IBM executive said the high-level US committee had given the deal its unanimous consent the final external approval needed putting the US$1.25 billion PC sale on track to close in the second quarter as originally planned.

"We were able to get unanimous agreement from the members of the committee," Stephen Ward, general manager of IBM's Personal Systems Division, said in a telephone interview. Ward is to become chief executive of Lenovo, which is headquartered in Beijing, once the deal closes.

The merger of the IBM PC business with China's biggest PC maker the first combination ever of a major US corporation and a top Chinese one will create the world's third largest PC maker and one strongly positioned in several fast-growing markets.

The deal met unexpected resistance when some US lawmakers began decrying the loss of a US-based PC maker to China on national security accounts.

The go-ahead from the Committee on Foreign Investment in the United States (CFIUS) was received on Tuesday, Ward said.

CFIUS is composed of 11 US agencies and was created in 1998 to conduct security reviews of business deals.

Ward said terms of the approval are confidential , but that no compromises were required over the location of Lenovo facilities in sensitive research areas, nor were limits put on Lenovo's ability to sell PCs to US agencies.

"I don't think we made any compromises at all," Ward said.

(China Daily)

 

Vocabulary:
 

unanimous : in complete agreement(意见一致的,无异议的)

confidential: (of information) given in confidence or in secret(秘密的,机密的)

 

 
Go to Other Sections
Story Tools
Related Stories
· Debates to centre upon tax reforms
· Listings of two big State banks imminent
· Heinz recalls its dye-fouled products
more
 
Copyright by chinadaily.com.cn. All rights reserved

版权声明:未经中国日报网站许可,任何人不得复制本栏目内容。如需转载请与本网站联系。
None of this material may be used for any commercial or public use. Reproduction in whole or in part without permission is prohibited.