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March 10, 2005
IBM deal OK'd by lawmakers
Posted by Dominic Basulto
IBM has been given the green light to sell its PC business to China's largest computer maker, Lenovo Group, for $1.25 billion. The deal was finally cleared by a U.S. national security panel, according to Crain's New York. The Committee on Foreign Investment in the U.S. had voiced concern that China might conduct industrial espionage at IBM's Research Triangle Park facilities or gain access to technology with possible military applications.
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