China’s Ministry of Commerce will reportedly allow IBM to sell its low-end server business to Lenovo Group in a $2.3 billion transaction.
Reports say MOFCOM approved of the acquisition, first announced in January, despite recent reports that US national security could be at stake due to the deal.
The buyout remains subject …read more
The European Commission announced Wednesday that it has reached an agreement with Germany regarding the nation’s green energy tax rules, which came under the Commission’s spotlight over concerns they were unfairly favoring certain companies.
At a press conference, Commissioner Almunia said the Commission “reached a definitive final agreement” on the matter, …read more
Dish Network has reportedly appealed to the Federal Communications Commission urging the regulator to block the proposed acquisition of Time Warner Cable by Comcast.
Dish’s filing with the FCC was coupled with chairman Charlie Ergen’s meeting with FCC Chairman Tom Wheeler Monday, say reports. Dish argues that the Comcast deal will …read more
Mexico billionaire Carlos Slim is reportedly ready to surrender to recent legislative overhauls to the telecommunications market.
Slim, the owner of top telco America Movil, is said to be planning a breakup of the conglomerate that was recently declared to hold a dominant position in the market. Slim had been weighing …read more