Reginal Thomas
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China Approves Lenovo's $3.2 Billion Deal With IBM Corp.


China's Ministry of Commerce's anti monopoly bureau approved Lenovo Group's deal to buy IBM Corp's low end server business for $2.3 billion. The deal was first announced back in January, should be complete before 2015, according the Chief Executive Yang Yuanqing, but the deal still requires U.S. regulatory approval.