Mainland PC-maker Lenovo goes global

$1.75 billion acquisition of IBM division could signal the birth of China''s first global brand

In a historic deal, China's dominant personal computer maker, Lenovo Group, announced today that it paid out $650 million in cash, $600 million in stock, and taken on $500 million in IBM debt in acquiring the US giant's personal computer division PCD.

The deal means that for the first time ever, a Chinese company will become a global brand. That is a significant move up the value scale of an economy which has proved its...

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