Deals
Lenovo, IBM Said to Seek Extension in U.S. Review of Deal
This article is for subscribers only.
Lenovo Group Ltd. and International Business Machines Corp. have sought more time for a U.S. national-security review of Lenovo’s planned purchase of IBM’s low-end server unit, according to a person familiar with the matter.
The companies resubmitted the transaction for review by an interagency panel called the Committee on Foreign Investment in the U.S., said the person, who asked not to be named because the process is confidential. The extended review gives regulators more time to scrutinize the proposed transaction as tensions between the U.S. and China rise over spying and hacking claims.