The United States of America, a privately-owned financial services, insurance, and automotive company, has been acquired by Chinese computer-maker Lenovo. Barack Obama, president and CEO of the United States, has hailed the acquisition as a new beginning for the 233-year-old USA.

The United States began life in 1776 as a democratic republic, hailed around the world for its new and innovative political system which was intended to derive its just powers from its citizens. After a turbulent 232 years, the United States acquired several banking, insurance, and automotive companies in 2008 and reorganized as a private business. Then-CEO George W. Bush, after initiating the privatization of the U.S. government, ceded authority to Barack Obama in the country’s final free election under the previous charter (‘Constitution’).

The U.S. Board of Directors, formerly known as ‘Congress’, agreed to sell the business to Lenovo after contentious debate when it became clear that their core businesses—banking, finance, and automobiles—were unsustainable without major foreign investment.

Lenovo officials were unavailable for comment.