Last updated: August 19, 2014 - 11:25am
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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