IBM Issues Statement on U.S. Government Regulatory Approval of x86-Based Server Divestiture to Lenovo

  IBM Issues Statement on U.S. Government Regulatory Approval of x86-Based
  Server Divestiture to Lenovo

Business Wire

ARMONK, N.Y. -- August 15, 2014

IBM (NYSE: IBM) today is pleased to announce it 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.

Contact:

IBM
Clint Roswell, 914-499-6565
roswellc@us.ibm.com
 
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