Lenovo, China’s largest computer maker, has entered into an agreement to buy IBM’s personal computer division in a $1.75 billion deal – the largest ever overseas acquisition by a Chinese technology company. The transaction will see Lenovo give IBM at least $650 million in cash, funded through internal cash and debt. In addition, IBM will receive up to $600 million in Lenovo common stock at HK$2.675 ($0.34) per share.
When the deal is completed IBM will have an 18.9%
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