Lenovo Completes Acquisition Of IBM's PC Division

karvind writes "Chinese computer maker Lenovo has completed its $1.75 billion purchase of IBM's personal computer division, creating the world's third-largest PC maker. Under the deal, IBM takes an 18.9 percent stake in Lenovo. Lenovo paid $1.25 billion for the IBM PC unit and assumed debt, which brought the total cost to $1.75 billion. Slashdot timeline: Dec 3, 2004: IBM Puts PC Business Up for Sale, Dec 4, 2004: Chinese PC Maker Looks to Buy IBM's PC Business, and Mar 9, 2005: U.S. Approves IBM/Lenovo Sale"