u.s. regulators are not in hurry to approve the deal between ibm and lenovo

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U.S. regulators are not in hurry to approve the deal between IBM and Lenovo

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U.S. regulators are not in hurry to approve the deal between IBM and Lenovo

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POSTER: computer news || U.S. REGULATORS ARE NOT IN HURRY TO APPROVE THE DEAL BETWEEN IBM AND LENOVO

DATE:2014-06-26

Lenovo company , in January purchase server division of IBM for $ 2.3 billion, which faced scrutiny from the Committee on Foreign Investment U.S. (CFIUS). As IBM servers delivers U.S. law enforcement agencies - the Pentagon and the FBI - Lenovo, as the successor to the business must prove security equipment from Chinese spies.

Thus, the fate of the transaction will be decided by CFIUS, and the Committee was expected to deliver a verdict within 75 days after Lenovo treatment. Application pendency period has expired, however, the investigation of national security CFIUS is continuing and further course of events is still uncertain.

IBM and Lenovo are trying to appease CFIUS. In particular, for a long period of time IBM will continue Maintenance Server on behalf of Lenovo, and the latter will not have access to equipment government agencies. It should be noted, Chinese companies are often faced with such complications when buying a business in the United States.

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U.S. regulators are not in hurry to approve the deal between IBM and Lenovo

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