'IBM Nears $5B Deal For Software Provider; Purchase Of Apptio, Owned By Private-Equity Firm Vista Equity Partners, Could Be Finalized Over The Weekend' - WSJ
Portfolio Pulse from Benzinga Newsdesk
IBM is close to acquiring software company Apptio for about $5 billion, which would provide the technology giant with greater automation capabilities.
June 24, 2023 | 1:35 am
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POSITIVE IMPACT
IBM's acquisition of Apptio for $5 billion will enhance its automation capabilities.
The acquisition of Apptio will provide IBM with greater automation capabilities, which could potentially lead to increased efficiency and competitiveness in the market. This may have a positive impact on IBM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100