IBM server sale to Lenovo gets green light

US authorities have green-lighted IBM's sale of its low-end server division to PC maker Lenovo.

Lenovo says it can confirm that the Committee on Foreign Investment in the US has cleared its transaction to acquire the server business and the companies have completed the regulatory process in the United States.

Lenovo is spending 2.3 billion US dollars for the business. IBM called the deal "good news for both IBM and Lenovo."

Lenovo is also looking for approval of its deal to buy Google's Motorola Mobility business.

The nearly 3 billion dollars acquisition is still under review by US national security agencies.