Homevideos Newstechnology News

    HCL Tech to acquire select IBM software products for $1.8 billion

    videos | IST

    HCL Tech to acquire select IBM software products for $1.8 billion

    Mini

    HCL Tech will acquire select IBM software products for $1.8 billion.

    HCL Tech will acquire select IBM software products for $1.8 billion. This is the largest acquisition by an Indian IT company
    HCL Tech will pay $1,775 million in cash, including earn-out.
    The deal will be funded largely through internal accruals, with $300 million of debt and the transaction will close by mid-2019, which is subject to regulatory reviews.
    HCL Tech is the first Indian company to make a big foray into software products business.
    HCL Tech will acquire 7 software products from IBM.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng