Articles > Reference > News Wires, White Papers, and Books > Xinhua News Agency news wires > October-December 2004 > Wednesday, December 8

Article: 2nd Writethru: China's Lenovo Group acquires IBM's PC business

Article from:
Xinhua News Agency
Article date:
December 8, 2004
Copyright

2nd Writethru: China's Lenovo Group acquires IBM's PC business by Xinhua Writers Tian Sulei, Ni Siyi

BEIJING, Dec. 8 (Xinhua) -- Lenovo Group, China's personal computer giant, Wednesday signed a definitive agreement with IBM to acquire Big Blue's personal computer business for 1.25 billion US dollars, and another 500 million US dollars for liabilities and overhead.

"The purchase will make Lenovo Group the third largest PC maker worldwide with an annual revenue exceeding 10 billion US dollars," Lenovo Chairman Liu Chuanzhi said after signing the agreement with IBM vice-president John Joyce.

The move further highlighted Chinese companies' ambition to expand abroad, following brand names ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: China's Lenovo Group acquires IBM's PC ...
Xinhua News Agency;  December 8, 2004 ;     700+ words ...China's Lenovo Group acquires IBM's PC business (more added) BEIJING ... personal computer giant Lenovo Group Limited Wednesday signed ... father Liu Chuanzhi. Lenovo Group will locate its PC business worldwide headquarters ...

Article: China's Lenovo Group acquires IBM's PC ...
Xinhua News Agency;  December 8, 2004 ;     323 words ...China's Lenovo Group acquires IBM's PC business BEIJING, Dec. 8 (Xinhua ... s personal computer giant Lenovo Group Limited Wednesday signed an ... manufacturing business. In return, Lenovo Group will pay IBM 650 million US ...

Article: URGENT: China's Lenovo Group acquires IBM's ...
Xinhua News Agency;  December 8, 2004 ;     255 words ...URGENT: China's Lenovo Group acquires IBM's PC business BEIJING, Dec. 8 (Xinhua) -- China's personal computer giant Lenovo Group announced here Wednesday it had signed an agreement with ...

Article: China's Lenovo Group acquires IBM's PC ...
PTI - The Press Trust of India Ltd.;  December 8, 2004 ;     298 words ...Beijing, Dec 8 (PTI) China's personal computer giant Lenovo Group on Wednesday announced here that it had signed an agreement with IBM to take over the latter's personal computer business for ...

Article: Enterprise - IBM promises PC business as usual. ...
Computing;  January 27, 2005 ;     700+ words ... ... over the forthcoming transfer of its PC business to Lenovo Group. IBM announced its intention to sell its PC business to China's largest PC manufacturer ... line and an increased focus on the PC business. The second has voiced concern only ...

Article: Beijing, Oct 1 (PTI) Chinese computer giant Lenovo ...
PTI - The Press Trust of India Ltd.;  October 1, 2005 ;     700+ words ... ... with transfer of its success in China to similar developing markets. During the first stage of the consolidation process, Lenovo Group's original business and the former IBM business ran separately under the names Lenovo China and Lenovo International to ...

Article: LENOVO GROUP TO PROCURE USD5BN OF GOODS FROM TAIWAN ...
AsiaInfo Services;  November 4, 2005 ;     311 words ... ... will also inspect former IBM PC business Taiwan operation and the purchase ... after it acquired IBM's PC business last year. Lenovo Group announced the results for ... contribution of former IBM's PC business to Lenovo during April to ...

Article: CORPORATE GOVERNANCE; China's Governance Buy Up Chinese-owned ...
New Zealand Management;  June 3, 2005 ;     700+ words ... ... commentators have got the significance of Lenovo Group's purchase of IBM's PC business all wrong. "They think it is about China ... sectors", he says. The deal to buy IBM's PC business satisfied both goals, but in particular ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives