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Cultura

Lenovo expects IBM server, Motorola Mobility deals to be completed by year end


    HONG KONG (Reuters) - Proposed purchases by China's Lenovo Group Ltd of IBM Corp's low-end server unit and Google Inc's Motorola Mobility business should be completed by year-end, Lenovo Chief Executive Officer Yang Yuanqing said on Wednesday.

    Last week, the Wall Street Journal reported that the $2.3 billion IBM (IBM.NY)deal was in limbo while the U.S. government investigated national security issues.

    The January announcement for the acquisition came nearly a decade after Lenovo bought IBM's money-losing ThinkPad business for $1.75 billion, which had also faced scrutiny.

    Yang was speaking at Lenovo's annual general meeting in Hong Kong.

    (Reporting by Clare Jim; Editing by Paul Tait)