Abstract
May 2, 2006 marks the first anniversary of a Chinese company (Lenovo)’s acquisition of the personal computer (PC) division of the world’s third most valuable brand, IBM (behind only Coca-Cola and Microsoft) (Smith and Rushe, 2004). It shocked the world when the proposed deal was first anno-unced in late 2004. Rather than simply being a target of foreign investments, as China had been since the late 1970s, China’s potential to be an acquirer of foreign multinational corporations, particularly the PC division of a company that was an American icon (namely, IBM or “Big Blue”), had suddenly been realized — and in a major way too — as this deal represented a “milestone in trans-pacific commerce: the first billion-dollar takeover in the U.S. by a mainland Chinese company” (Hitt, 2005).
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© 2007 Margaret Wang
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Wang, M. (2007). Trends in Chinese M&A: A Look at Lenovo’s Acquisition of IBM PC. In: Gregoriou, G.N., Neuhauser, K.L. (eds) Mergers and Acquisitions. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230589681_16
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DOI: https://doi.org/10.1057/9780230589681_16
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