Last updated: August 19, 2014 - 12:25pm
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.
- IBM, Lenovo Tackle Security Worries on Server Deal
- Lenovo keeps Moto in the game, but odds of victory are long
- Rising Costs Erode Google Profits
- Net-by-text-message service could bring millions online in India
- How Google's Costly Motorola Maneuver May Pay Off
- As Phone Subsidies Fade, Apple Could Be Hurt
- Facebook Instant Articles Just Don’t Add Up for Publishers
- Sprint Buys Virgin Mobile USA for $483 Million
- After Big Bet, Google Is to Sell Motorola Unit
- Ripples From the Cellphone’s Splash
- Netbooks, smart phones: Is more convergence ahead for mobiles?
- After China smartphone success, Lenovo plans leap forward overseas
- Variety, B&C, Multichannel to Be Divested
- NBCU, Comcast Offer Targeted Advertising
- Cloud Computing