Mainland PC-maker Lenovo goes global

$1.75 billion acquisition of IBM division could signal the birth of China''s first global brand
December 08, 2004

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).

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