Schmidt said he saw "a good chance" of the deal passing muster with
the Committee on Foreign Investment in the United States, or CFIUS,
which monitors acquisitions by overseas corporations.
Speaking at a dinner organized by the Cato Institute think tank,
Schmidt said Lenovo's experience buying IBM's ailing personal
computer division in 2005 would stand it in good stead as it seeks
the green light to acquire the Motorola business.
"There's a good chance of it being OK," Schmidt said, adding, "We
would not have done the transaction if we thought it would be in
Lenovo said last week it would acquire the Motorola handset
business, along with some 2,000 patents, for $2.91 billion. That
came days after an announcement the company would purchase IBM's
low-end server unit for $2.3 billion.
[to top of second column]
The deals will be reviewed by CFIUS to ensure they do not threaten
(Reporting by Krista Hughes; editing by
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.