The Chinese Ministry of Commerce's anti-monopoly bureau has approved Lenovo Group's proposed $2.3 billion deal to buy IBM Corp's low-end server business.
The deal, announced in January, is expected to be completed by the end of the year, said Lenovo Chief Executive Yang Yuanqing on Wednesday, but still requires U.S. regulatory approval.
American Lawyer publisher ALM Media, which was once controlled by Wall Street dealmaker Bruce Wasserstein, is exploring a sale that could fetch more than $500 million, people familiar with the matter said.
K&L Gates has hired corporate partner Frank Voon in Beijing from Allen & Overy, marking the U.S. firm’s seventh partner recruitment in the Asia-Pacific region in the first three months of 2014.
Fenwick & West has bolstered its M&A practice in China after hiring Niping Wu from Kaye Scholer as a corporate partner in the firm’s Shanghai office.