In biggest Indian IT deal, HCL Tech to buy $1.8 billion of IBM software
Friday, 7 December 2018 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 Indian IT services firm.
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....
Weston-based Ultimate Software, where every employee is a stockholder, has agreed to go private for $11 billion, the company announced Monday. The deal would likely create millionaires out of many of..