Date
18 December 2017
IBM and Lenovo have resubmitted the sale of IBM's low-end server unit for review to a US national security panel. Photo: Bloomberg
IBM and Lenovo have resubmitted the sale of IBM's low-end server unit for review to a US national security panel. Photo: Bloomberg

Lenovo, IBM ask for more time on server deal review

Lenovo Group Ltd. and IBM Corp. are asking a US foreign investment panel for more time to review the Beijing-based company’s planned purchase of IBM’s low-end server unit, Bloomberg reported Wednesday, citing a person familiar with the matter.

The companies resubmitted the sale for review by the Committee on Foreign Investment in the United States, giving regulators more time to examine the deal, the report said. It also gives Lenovo and IBM more time to win over the panel. 

Timothy Keeler, a lawyer with Mayer Brown LLP in Washington, was quoted as saying that restarting the review could indicate the companies are working toward an agreement with the committee to address security concerns.

– Contact us at [email protected]

SK

EJI Weekly Newsletter

Please click here to unsubscribe