UPDATE: 1/25/14, 11:15 a.m. EST. Additional information on Hogan Lovells’ role advising IBM has been added to the 10th paragraph of this story. 1/27/14, 3:00 p.m. EST. O’Melveny & Myers partner Theodore Kassinger has been retained as CFIUS counsel to IBM.
Almost a decade after paying $1.75 billion to buy the personal computer unit of International Business Machines Corp., China’s Lenovo Group has agreed to acquire the Armonk, N.Y.–based global computing giant’s low-end server division for $2.3 billion.
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