IBM Says Sale of Low-End Server Business Gets Regulator Approval


Source: Reuters
Author: Lehar Maan
Coverage Type: reporting
Location:
Committee on Foreign Investment in the United States, 1500 Pennsylvania Avenue, NW, Washington, DC, 20220, United States

International Business Machines said that US regulators had approved the $2.3 billion sale of its low-end server business to Lenovo Group, as the company continues its shift to more profitable software and services like cloud computing and data analytics.

The approval by the Committee on Foreign Investment in the United States came despite CIFUS members’ concern that IBM servers used in the Pentagon’s networks could be accessed remotely by Chinese spies and compromised.

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