Stake in China HP for Sale to the Highest Bidder
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A 30 percent stake in Hewlett-Packardâs Chinese operations is up for sale to the highest bidder as the companyâs Chinese partner looks to sell its shares.
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HP, the world&#39;s number two PC maker, said on Friday it has launched a $483 (about Â£250) computer in China, turning up the heat in the intensely competitive market.
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(KAAL) -- Last week it was announced that IBM might be selling part of it&#39;s company, and now that appears to have happened. China&#39;s biggest computer maker says it&#39;s acquired a majority stake in IBM&#39;s personal
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BEIJING - China&#39;s biggest computer maker, Lenovo Group Ltd., said late yesterday that it has acquired a majority stake in IBM Corp.
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I.B.M. is in discussions to sell its PC business to Lenovo, the largest maker of PC's in China - a burgeoning market that Hewlett-Packard and Dell covet.
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By Chuvala, Bob  Hewlett-Packard Co. of Palo Alto, Calif., has signed a definitive agreement to acquire privately held Bristol Technology Inc. in Danbury for an undisclosed amount.
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US technology giant IBM is selling its personal computing business to China&#39;s biggest PC maker. The deal highlights China&#39;s growing economic clout and global reach.
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Lenovo Computers, Chinaâs largest computer maker, said it is in acquisition talks with a major technology company - at the same time that IBM says it is in talks with a major Chinese player to sell its PC making business.
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I.BM announced late yesterday the sale of its personal computer business to Lenovo, China&#39;s largest personal computer maker, a deal that reflects the industrial and economic ambitions of not only the two companies but also their two nations.
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Chinese-American businessman John Hui has bought computer maker Packard Bell, the third-biggest manufacturer of PCs in Europe, Packard Bell announced.
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China Petroleum &amp; Chemical Corp., Asia&#39;s largest oil refiner, offered HK$3.8 billion ($492 million) to buy shares of Sinopec Beijing Yanhua Petrochemical Co.
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A Chinese company has become the third largest PC seller in the world by buying IBM&#39;s personal computer business. Lenovo has bought the business for USD 1.25 billion, of which USD650m is in cash and the rest in Lenovo shares.
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The world&#39;s number-two PC maker Hewlett-Packard has lowed PC prices in China with the lowest price at 4,000 yuan or 480 US dollars, seen as a response to the recent Lenovo-IBM deal.
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BEIJING/SAN FRANCISCO  - China's largest personal  computer maker, Lenovo Group Ltd. 0992.HK, said on Wednesday  it is buying control of IBM's PC-making business for $1.25  billion, capping the U.S. tech giant's gradual withdrawal from  the business it helped pioneer in 1981.
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International Business Machines Corp. is selling a majority stake in its pioneering personal computer business to China's biggest computer maker, Lenovo Group Ltd., for &#36;1.75 billion in cash and stock.
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BOE Technology Group of China said it has signed a letter of intent to sell its 45.21 percent stake in its joint-venture subsidiary, Beijing Orient Top Victory Electronics, to TPV Technology in trade for an as-yet undetermined stake in the Hong Kong
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China&#39;s largest manufacturer of personal computers, Lenovo Group, has bought IBM&#39;s PC business for $1.25 billion, making it the world&#39;s number three in the sector.