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Article: China's Lenovo Group acquires IBM's PC business

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Xinhua News Agency
Article date:
December 8, 2004
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China's Lenovo Group acquires IBM's PC business

BEIJING, Dec. 8 (Xinhua) -- China's personal computer giant Lenovo Group Limited Wednesday signed an agreement with IBM to take over the latter's personal computer business for 1.25 billion US dollars.

According to the agreement, Lenovo will acquire IBM's entire global desktop and laptop computer research and development and manufacturing business. In return, Lenovo Group ...

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