{"id":69643,"date":"2014-09-29T11:04:48","date_gmt":"2014-09-29T09:04:48","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=69643"},"modified":"2014-09-29T11:04:48","modified_gmt":"2014-09-29T09:04:48","slug":"lenovo-to-wrap-up-2-1-billion-ibm-server-acquisition","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/69643\/lenovo-to-wrap-up-2-1-billion-ibm-server-acquisition\/","title":{"rendered":"Lenovo to wrap up $2.1 billion IBM server acquisition"},"content":{"rendered":"

The chairman of Lenovo Group says the company has received U.S. government approval to complete its acquisition of IBM Corp.’s low-end server business and plans to use it to grow faster outside its personal computer business.<\/p>\n

Yang Yuanqing said Monday the $2.1 billion acquisition is due to close Wednesday following a successful review by a U.S. government security panel.<\/p>\n

Yang said the IBM assets will add a “growth engine” to a growing array of businesses that include computers, mobile devices and services.<\/p>\n

Also this year, Lenovo bought the Motorola Mobility smartphone business from Google Inc. for $2.9 billion, in an effort to expand its mobile technology offerings.<\/p>\n

Yang said Lenovo expects “our mobile business and our enterprise business will be growing even faster than our PC business.”<\/p>\n

More on Lenovo<\/h3>\n

Lenovo sees record smartphone growth<\/a><\/strong><\/p>\n

Lenovo spending spree will have short-term downside<\/strong><\/a><\/p>\n

Lenovo to buy Motorola from Google<\/strong><\/a><\/p>\n

Lenovo profits surge on mobile gains<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The chairman of Lenovo Group says the company has received U.S. government approval to complete its acquisition of IBM Corp.’s low-end server business and plans to use it to grow faster outside its personal computer business.<\/p>\n","protected":false},"author":5,"featured_media":52535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[25,753,1388],"class_list":["post-69643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-active","tag-ibm","tag-lenovo"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/69643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=69643"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/69643\/revisions"}],"predecessor-version":[{"id":69645,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/69643\/revisions\/69645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/52535"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=69643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=69643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=69643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}