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Lenovo Acquires U.S. Software Firm Stoneware

“BEIJING—Lenovo Group Ltd. 0992.HK +0.47% continued its buying streak Tuesday as it announced plans to acquire U.S.-based software company Stoneware Inc. for an undisclosed sum in a bid to expand services allowing customers to link devices directly over the Internet.

The acquisition won’t add significantly to earnings, but it will help the company add new technologies, Lenovo said in a statement.”

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