Cloud Computing: US regulator approves IBM server sale

Grazed from IBM.  Author: PR Announcement.

International Business Machines Corp said on Friday that US regulators had approved the $2.3 billion sale of its low-end server business to Lenovo Group Ltd, as the company continues its shift to more profitable software and services like cloud computing and data analytics.

IBM has already divested $16 billion in annual revenue over the past decade from low-margin businesses like personal computers and printers.  The approval by the Committee on Foreign Investment in the United States came despite CIFUS members’ concern, first reported by the Wall Street Journal earlier this year that IBM servers used in the Pentagon’s networks could be accessed remotely by Chinese spies and compromised.