On Friday IBM announced that the company has received notice from the Committee on Foreign Investment in the United States (CFIUS) of the successful conclusion of the committee’s review of the divestiture of its x86-based server business to Lenovo.
The clearance by CFIUS of this transaction is good news for both IBM and Lenovo, and for our customers and employees. The parties now look forward to closing the transaction. The approval of the $2.3 billion sale to Lenovo enables IBM to focus on system and software innovations that bring new kinds of value to IBM clients in areas such as cognitive computing, Big Data and cloud, and provides clarity and confidence to current x86 customers that they will have a strong partner going forward.
In this video, Adalio Sanchez, IBM GM of x86 and PureSystems Solutions, discusses the proposed transition of the x86 business to Lenovo.
Lenovo had this to say:
Lenovo can confirm reports that CFIUS has cleared its transaction to acquire IBM’s x86 server business and the companies have completed the regulatory process in the United States. As we have stated consistently for both the x86 and Motorola Mobility acquisitions, we continue to work through a number of regulatory and business processes to ensure an effective and timely closure on both deals. We remain on track to close both deals by the end of the year. Out of respect for the confidentiality of the process, we will not have any further comment until we have met all conditions for closure.
In related news, check out this Radio Free HPC podcast about the deal.
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