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Lenovo gets clearance to buy IBM's PC business

Peter Rojas
IBM ThinkPad X40

Not that there seemed like there was too much of a chance of the deal being blocked in the first place, but the Committee on Foreign Investment in the United States has given the all clear for Lenovo to acquire IBM's PC division. The CFIUS has the authority to stop foreigners from buying US firms if they believe there is a chance that national security might be compromised, and in this case there were some Congressional types who were concerned about Lenovo, a company that's part-owned by the Chinese government, somehow gaining access to one of IBM's labs in order to steal sensitive technologies for military purposes.

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