Financial Times FT.com

US watchdog extends review Lenovo of deal

By Stephanie Kirchgaessner in Washington

Published: January 29 2005 00:06 | Last updated: January 29 2005 00:06

Washington regulators have initiated an extended review of the $1.75bn sale of IBM's personal computer division to Lenovo, China's biggest PC maker, according to a person familiar with the plan.

The Committee on Foreign Investment in the United States, an interagency government group, decided to extend a routine 30-day review of IBM's disposal to the Chinese group following the intervention of several Republican congressmen who questioned whether the deal presented a threat on national security grounds.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this