Key Developments: Lenovo Group Ltd (0992.HK)

0992.HK on Hong Kong Stock

27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Lenovo Group Ltd completes initial closing for acquisition of IBM's x86 Server business
Wednesday, 1 Oct 2014 12:20am EDT 

Lenovo Group Ltd:Announces that they have completed the initial closing for Lenovo's acquisition of IBM's x86 server business under the terms described in their announcement on Sept. 29.Says as part of the agreement, Lenovo and IBM have also established a strategic alliance where Lenovo will serve as an Original Equipment Manufacturer (OEM) to IBM and will resell select products from IBM's industry-storage and software portfolio.Says the transition will begin in countries that are part of the initial closing.Says the transaction is expected to close in other countries later this year, with the few remaining countries following in early 2015.  Full Article

Lenovo Group Ltd set to close acquisition of IBM's x86 server business
Monday, 29 Sep 2014 12:06am EDT 

Lenovo Group Ltd:Says that conditions for Lenovo's acquisition of IBM's x86 server business have been satisfied and parties anticipate they will begin closing transaction effective on Oct. 1.Lenovo is acquiring System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations.IBM will retain its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, PureApplication and PureData appliances.  Full Article

GT Nexus will join Lenovo to share best practices
Wednesday, 27 Aug 2014 05:01am EDT 

Lenovo Group Ltd:GT Nexus announced that it will join Lenovo on -stage at Gartner Supply Chain Summit to share best practices and insights on the impact of business networks to obtain supply chain visibility.  Full Article

Andrea Electronics files patent infringement lawsuits against Toshiba Corp, Lenovo And Acer
Monday, 28 Jul 2014 08:10am EDT 

Andrea Electronics Corp:Files patent infringement lawsuits against Toshiba Corp, Toshiba America, Inc., Toshiba America Information Systems, Lenovo Group Ltd., Lenovo Holding Company, Inc., Lenovo (United States) Inc., Acer Inc., and Acer America Corp, in the US District Court.Andrea is asserting infringement related to U.S. Patent numbers 6,483,923; 5,825,898; 6,363,345 and 6,049,607.Complaints alleges, the named defendants offer in the United States products, such as desktop and laptop computers, that use the patent protected audio enhancement technology.The suits seek, among other things, monetary damages and injunctive relief prohibiting the defendants from using the patented technology in their products.  Full Article

Lenovo Group Ltd works with NVIDIA, Magma and Hue to develop game-changing visualization technology solution for exploration geophysics
Tuesday, 17 Jun 2014 07:00am EDT 

Lenovo Group Ltd:Says its collaboration with NVIDIA, Magma and Hue to develop a new visualization technology solution for exploration geophysics.Combined solution leverages Lenovo ThinkStation D30 workstations, NVIDIA Tesla K40 GPU accelerators and Magma GPU expansion technology to power Hue's visualization technology for exploration.Says and production application development, providing the ability to render massive amounts of geophysical visualization data in seconds.  Full Article

Lenovo Group Ltd recommends payment of final dividend
Wednesday, 21 May 2014 12:14am EDT 

Lenovo Group Ltd:Recommends the payment of a final dividend of HK$0.18 per share for the year ended March 31, 2014.Dividend will be payable on July 14 to the shareholders whose names appear on the register of members of the Company on July 8.  Full Article

Lenovo Group Ltd announces issuance of $1,500,000,000 4.7 pct notes due 2019
Tuesday, 29 Apr 2014 07:56pm EDT 

Lenovo Group Ltd:Agreement in connection to issue and sale of $1,500,000,000 4.7 pct Notes due 2019.Issue price of Notes will be 99.819 pct of principal amount of Note.Net proceeds from notes are intended to be used for general corporate purposes including working capital, and to fund any acquisition activities.  Full Article

Unwired Planet and Lenovo announce patent license and patent purchase transaction
Thursday, 20 Mar 2014 04:21pm EDT 

Unwired Planet Inc:Says Lenovo to purchase a portfolio of patents to take a term-based license to Unwired Planet's patent portfolio.Aggregate consideration for the combined transaction is $100 mln payable in cash.Transaction is expected to close in 30 days.Evercore acted as advisor to Unwired Planet on the transaction.  Full Article

Google Inc to own $750 mln Lenovo Group Ltd stake after Motorola deal closes-Reuters
Friday, 7 Feb 2014 04:19am EST 

Google Inc:Will own a 5.94 percent stake in Lenovo Group Ltd worth $750 million once Lenovo's deal to buy Google's Motorola handset division closes, according to a disclosure on the Hong Kong stock exchange-Reuters.Google would take 618.3 million Lenovo shares at $1.213 per share.  Full Article

Lenovo Group Ltd to acquire Motorola Mobility from Google Inc
Tuesday, 28 Jan 2014 07:00pm EST 

Lenovo Group Ltd and Google Inc:Enters into a definitive agreement under which Lenovo plans to acquire the Motorola Mobility smartphone business.Says the purchase price is about $2.91 billion (subject to certain adjustments), including $1.41 billion paid at close, comprised of $660 million in cash and $750 million in Lenovo ordinary shares (subject to a share cap/floor).Says the remaining $1.5 billion will be paid in the form of a three-year promissory note.Says Google will maintain ownership of the vast majority of the Motorola Mobility patent portfolio, including current patent applications and invention disclosures.Says as part of its ongoing relationship with Google, Lenovo will receive a license to this rich portfolio of patents and other intellectual property.Says additionally Lenovo will receive over 2,000 patent assets, as well as the Motorola Mobility brand and trademark portfolio.  Full Article


Lenovo to allay security concerns with free McAfee LiveSafe

- China's Lenovo Group Ltd on Friday said it will offer free subscriptions to Intel Corp security software to customers who bought laptops that were shipped with a program known as "Superfish," which made PCs vulnerable to cyberattacks.

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