STEVE INSKEEP, host: On Monday's, the business report focuses on technology.</s>STEVE INSKEEP, host: A company once synonymous with American technological      brilliance is selling part of its business to China.  IBM completed a      deal to dispose of its personal computer division.  The plan was      announced last year but had to overcome the resistance of federal      regulators.</s>RENEE MONTAGNE, host: China's Lenovo Group is paying $1.25 billion.  It's one of the biggest      acquisitions ever by a Chinese company, and it would create the world's      third largest PC maker.  Simon Yates, an analyst with Forrester Research,      thinks the deal makes sense.</s>Mr. SIMON YATES (Analyst, Forrester Research): For both companies, if      they can pull it off, it offers tremendous growth opportunities.</s>RENEE MONTAGNE, host: Many of those growth opportunities will come in the Asia      Pacific market because many homes there aren't yet equipped with PCs.      Yates thinks IBM and Lenovo complement each other.</s>Mr. SIMON YATES (Analyst, Forrester Research): These two companies have very little overlap.  Lenovo is      primarily a desktop player that does 90 percent of its sales in      China--would like to start being able to expand into other parts of Asia      Pacific.  And for IBM, this really gives them an inroad into the Chinese      market that is growing very rapidly.</s>STEVE INSKEEP, host: That's analyst Simon Yates, who also predicts that in two years      Lenovo will be a significant player in the US consumer PC market.
Chinese computer maker Lenovo has closed a $1.25 billion deal to buy IBM's personal-computer division. The sale, one of the biggest acquisitions ever by a Chinese company, will create the world's third-largest PC maker.