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

Credit: Business Insider- Published 5 days ago
· 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...

Recent related videos from verified sources

Tech M&A Actions Shows No Signs of Abating 02:44
Credit: The Street - Published 6 days ago 

Recent related news from verified sources

HCL Technologies will buy some software assets from U.S.-based IBM Corp for $1.8 billion, the companies said on Friday, marking the largest purchase ever by an...
6 days ago • Reuters India

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...
6 days ago • TechCrunch

HCL Technologies, in a regulatory filing, said, it will acquire select IBM software products for $1.8 billion (over Rs 12,700 crore) in an all-cash deal.
6 days ago • Firstpost

Canopy Growth (NYSE:CGC) is still the “best way” to play the Canadian cannabis market, said Jim Cramer, the much-followed stock-picker and host of CNBC’s...
23 hours ago • Proactive Investors

You might like