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8138 Subject |
شركة صينية للالكترونيات تنجح في الحصول علي الترخيص لصناعة اجهزة اي بي ام الامريكية Linovo Group, China largest computers producer saying it got approval of the US Foreign Investments Control Committee to proceed with its deal concluded earlier with IBM to buy out its personal computers production line. |
| Date Published | Saturday, March 12, 2005 |
| Source Name | Al Hayat |
| Location Name | Country Wide |
| Description | Linovo Group, China largest computers producer, said it got approval of the US Foreign Investments Control Committee to proceed with its deal concluded earlier with IBM to buy out its personal computers production line. Director of the production line at IBM will take over the CEO post at Linovo after finally executing the deal during the second half of 2005. Media reports predicted the deal to turn Linovo into the third largest PCs producer worldwide after Dell and HP. Deal is worth $ 1.25 billion to be paid in cash to IBM and provides for IBM to also get 18.9 % shares in Linovo Co. worth some $ 500 million. |
| Sectors Section |
Beneficiary Sectors - Information Technology & Telecom Computers, Hardware & Software |
