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....
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..
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,..
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
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 •Sify •Firstpost •Reuters India