Global  

“News neutrality by unbiased coverage”
One News Page
> >

Here's why IBM just sold a $1.8 billion chunk of its software business to Indian IT company HCL (IBM, HCLTECH.NS)

Business Insider Saturday, 8 December 2018 ()
Here's why IBM just sold a $1.8 billion chunk of its software business to Indian IT company HCL (IBM, HCLTECH.NS)· As part of its efforts to focus on "high-value" products, IBM will sell seven software products to the Indian company HCL for $1.8 billion, the company announced Thursday.
· While HCL shares fell 5% following the news, Wall Street is feeling good (or at least, better) about IBM's decision to sell.
· The products were part...
0
shares
ShareTweetSavePostSend
 
Credit: The Street - Published < > Embed
News video: Tech M&A Actions Shows No Signs of Abating

▶ Tech M&A Actions Shows No Signs of Abating 02:44

Mergers and acquisitions in the tech space have helped fuel growth in recent years, especially as the cost of debt has remained low. In fact, over just the past four years M&A activity has totaled more than $16 billion, spearheaded by large scale tech acquisitions like the IBM and Red Hat deal....

Recent related videos from verified sources

Lyft Beats Bigger Rival Uber In Filing For IPO [Video]Lyft Beats Bigger Rival Uber In Filing For IPO 00:36

According to Reuters, Ride-hailing company Lyft beat bigger rival Uber in filing for an initial public offering that will test investor's interest for high-profile but loss-making technology..

Credit: Wochit Business - Published

'A Comedy of Errors:' Jim Cramer Likens the Market to a Shakespeare Play [Video]'A Comedy of Errors:' Jim Cramer Likens the Market to a Shakespeare Play 12:51

Jim Cramer breaks down why he believes the market is having its Macbeth moment. Lyft's Going Public TheStreet contributor M. Corey Goldman reported that the San Francisco-based company announced on..

Credit: The Street - Published

Jim Cramer's Thoughts on Lyft's IPO [Video]Jim Cramer's Thoughts on Lyft's IPO 00:58

In the race to go public, Lyft just officially took the lead. The company has officially submitted a registration statement for an initial public offering (IPO) with the U.S. Securities and Exchange..

Credit: The Street - Published

George Clooney And Rande Gerber Have A Third Partner In Their Billion Dollar Tequila Empire [Video]George Clooney And Rande Gerber Have A Third Partner In Their Billion Dollar Tequila Empire 00:46

Actor George Clooney and multimillionaire Rande Gerber rocked the beverage industry in June 2017 when they sold their tequila company, Casamigos, to Diageo for a shocking $1 billion. Business Insider..

Credit: Wochit - Published

INVIDI Buys Ooyala’s AdTech Unit, Will ‘Reinvest’: Anderson [Video]INVIDI Buys Ooyala’s AdTech Unit, Will ‘Reinvest’: Anderson 02:58

LONDON -- The new owner of Ooyala's adtech unit has promised to "reinvest" in the company as it bids to embrace a continuing digital advertising opportunity. INVIVI, which facilitates addressable..

Credit: BeetTV - Affiliate - Published

Marlboro-Maker Altria in Talks to Buy Pot Company Cronos Group [Video]Marlboro-Maker Altria in Talks to Buy Pot Company Cronos Group 01:13

Marlboro-Maker Altria in Talks to Buy Pot Company Cronos Group According to CNBC, Altria is seeking to diversify its business beyond traditional smokers. According to data from the CDC, cigarette..

Credit: Wibbitz Top Stories - Published

Apple Supplier Updates Outlook [Video]Apple Supplier Updates Outlook 00:33

Cirrus Logic, Inc. is a supplier for Apple. The company is a leader in high performance, low-power ICs for audio and voice signal processing applications. Business Insider reports the company announced..

Credit: Wochit Business - Published

Amazon Surpasses Apple [Video]Amazon Surpasses Apple 00:48

Apple is now passed up by Amazon as the world's most-valuable publicly traded company. On Monday Amazon passed Apple with a market value of about $865 billion. Amazon rose as much as 4.7%, giving it a..

Credit: Wochit - Published


Recent related news from verified sources

IBM selling Lotus Notes/Domino business to HCL for $1.8B

IBM announced last night that it is selling the final components from its 1995 acquisition of Lotus to Indian firm HCL for $1.8 billion. IBM paid $3.5 billion...
TechCrunch - TechnologyAlso reported by •The News ArticlesIndiaTimesReuters India

HCL Tech acquires IBM’s software assets for $1.8 billion

Indian investors were not convinced about the value of the deal, and pushed the HCL Tech share price down by 5% on Friday. But some analysts said it’s too soon...
IndiaTimes - BusinessAlso reported by •DNAReuters IndiaFirstpostSify

Moderna is biggest biotech IPO, draws $604 million despite turbulent market

Moderna Therapeutics Inc staged one of the biggest stock-market debuts for a biotechnology company in US IPO history late Thursday by raising $604 million in an...
Proactive Investors - BusinessAlso reported by •bizjournalsReuters India

Lyft races towards IPO with confidential SEC filing

Uber’s closest rival Lyft disclosed Thursday it has confidentially filed a draft registration statement with the Securities and Exchange Commission related to...
Proactive Investors - Business

You Might Like


Tweets about this

pokapih

Afi zariq  @FPLStrategist same here..i sold hazard,benched alonso.. laporte on my team..just stay positive 😉 31 minutes ago

sophasnain

Sophia Hasnain RT @businessinsider: Here's why IBM just sold a $1.8 billion chunk of its software business to Indian IT company HCL (@BIPrime) https://t.c… 31 minutes ago

BirkettPetina

LEJOTPCB RT @Leadmill: Day 7 of The Leadmill Advent Calendar! Win 2 tickets to @TheReytons SOLD OUT show here at The Leadmill on the 15th December!… 41 minutes ago

carolelemaire1

carole lemaire RT @2twiir: @realDonaldTrump Hoping it happens here in U.S. ... it just might IF GOP backs you and is complicit in YOUR GUILT!! You sold u… 56 minutes ago

inloveml

Suzy RT @LiveNation_LA: JUST ANNOUNCED: Queen + Adam Lambert: The Rhapsody Tour - first show sold out, second show added due to popular demand a… 59 minutes ago


Other recent news in Technology

CHRISTMAS Comet’ Will Be Brightest Comet of the YearCharge your IPHONE and Apple Watch on Twelve South’s $65.50 HiRise Duet Dual Dock (Reg. $120)
China Warns CANADA of ‘Heavy Price’ Over Huawei ArrestAPPLE WATCH 4 User Discovers A-Fib Heart Issue Through ECG Feature
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest