The Committee on Foreign Investment in the U.S. (CFIUS) has approved the sale of IBM’s PC Division to Lenovo.

IBM and Lenovo have been given clearance by the Committee on Foreign Investment in the U.S. (CFIUS) to complete the sale of IBM’s PC Division to Lenovo.

Lenovo reported an increase in net profit in its third quarter on lower revenue despite strong sales.

Republicans in the U.S. Senate want a full investigation of the security implications of IBM sale of its PC business to China’s Lenovo.

While Lenovo’s deal with IBM is being reviewed by U.S. officials over possible security issues, Lenovo is confident that the deal will still go through.

As reported yesterday, IBM’s recent deal with Lenovo is under review by the Committee on Foreign Investments in the United States (CFIUS).

The Committee on Foreign Investments in the United States (CFIUS) is reviewing IBM’s recent deal with Chinese PC giant, Lenovo.

Lenovo and IBM announced a definitive agreement under which Lenovo will acquire IBM’s Personal Computing Division.