Lenovo expects IBM server, Motorola Mobility deals to be completed by year end

HONG KONG, July 2 (Reuters) - Proposed purchases by China's Lenovo Group Ltd of IBM Corp's low-end server unit and Google Inc's Motorola Mobility business should be completed by year-end, Lenovo Chief Executive Officer Yang Yuanqing said on Wednesday. Last week, the Wall Street Journal reported that the $2.3 billion IBM deal was in limbo while the U.S. government investigated national security issues. The January announcement for the acquisition came nearly a decade after Lenovo bought IBM's money-losing ThinkPad business for $1.75 billion, which had also faced scrutiny. Yang was speaking at Lenovo's annual general meeting in Hong Kong. (Reporting by Clare Jim; Editing by Paul Tait)