India  
NewsR.in
> >

In biggest Indian IT deal, HCL Tech to buy $1.8 billion of IBM software

Reuters India Friday, 7 December 2018 ()
In biggest Indian IT deal, HCL Tech to buy $1.8 billion of IBM softwareHCL 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.
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

The Ping Pong Game Continues, Jim Cramer Talks About the Markets [Video]The Ping Pong Game Continues, Jim Cramer Talks About the Markets 07:29

Jim Cramer says that investors keep getting whacked with ping pong balls. He compared the market to a game of ping pong in an interview with TheStreet. Cramer also discussed his Real Money column and..

Credit: The Street - Published

IBM CEO Ginni Rometty hopes IBM CEO Ginni Rometty hopes "new collar" skills will bridge digital, AI divide 05:15

IBM may be at another turning point in its storied history. In October, IBM announced it was buying the cloud software provider Red Hat for $34 billion, and it's also investing $1 billion in..

Credit: CBS News - Published

Why IBM’s $34 Billion Acquisition of This Company Will Change How You Use Computers [Video]Why IBM’s $34 Billion Acquisition of This Company Will Change How You Use Computers 00:49

In a massive tech acquisition, IBM has purchased the open-source software company Red Hat for a whopping $34 billion, potentially beefing up its cloud-computing arm moving forward. With this purchase,..

Credit: GOBankingRates - Published

IBM Spends 34 Billion On New Acquisition [Video]IBM Spends 34 Billion On New Acquisition 01:02

IBM is using a lot of cash to grow their business.

Credit: Celebrity Wire - Published

IBM Paying A lot for 'Red Hat' [Video]IBM Paying A lot for 'Red Hat' 00:36

On Sunday, IBM announced Sunday that it has struck a deal to acquire the cloud-software company Red Hat for $34 billion. Business Insider reports IBM said it will pay $190 a share in cash. $190 a..

Credit: Wochit - Published

IBM Purchases Software Company Red Hat for $34 Billion [Video]IBM Purchases Software Company Red Hat for $34 Billion 01:03

IBM Purchases Software Company Red Hat for $34 Billion The massive deal is expected to be finalized in the second half of 2019. Both companies have called it the "most significant tech acquisition of..

Credit: Wibbitz Top Stories - Published

Red Hat jumps, IBM dips on mega-merger [Video]Red Hat jumps, IBM dips on mega-merger 01:21

IBM's $34 billion deal to buy Red Hat drove shares in the small but fast-growing software maker about 50 percent higher. Fred Katayama reports.

Credit: Rumble - Published

IBM To Acquire Red Hat In One Of The Biggest US Tech Deals [Video]IBM To Acquire Red Hat In One Of The Biggest US Tech Deals 00:53

IBM announced it's purchasing the open-source software company for $34 billion in a deal that aims to reshape the cloud computing industry.

Credit: Rumble - Published


Recent related news from verified sources

Indian IT firm HCL Tech to acquire select IBM software products for USD 1.8 billion

Indian IT company HCL Technologies Friday said it will acquire select IBM software products for USD 1.8 billion (over Rs 12,700 crore) in an all-cash deal.
DNA - Front Page

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 •SifyFirstpostReuters India

Market rebounds on easing crude, firming rupee; Asian Paints, ITC, Bajaj Auto among top gainers, HCL Tech cracks 6%

Shares of HCL Technologies opened over 6 percent lower after the company said it will acquire select IBM software products for $1.8 billion (over Rs 12,700...
Firstpost - Business

You Might Like


Tweets about this


Other recent news in Front Page

MP Assembly ELECTION RESULTS 2018: 4 independents likely to return to Congress, Delhi to take decision on CM's nameWith help from Mayawati's BSP, CONGRESS achieves magic number in Madhya Pradesh
Gunman kills three people in FRENCH CHRISTMAS market, fleesAssembly Elections 2018: PM show yields mixed results, but big win in MADHYA PRADESH's Mandasaur
Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2018 newsR / One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  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