IBM in an all-cash acquisition of SPSS

In order to meet increased need from its clients to cut costs, IBM announced that it will be expanding into the analytics and information-on-demand side by buying SPSS, the statistics and survey research software maker, in an all-cash transaction that will be worth $1.2bn.  This translates to $50 a share, or 42% premium over yesterday’s close.

More from WSJ HERE or a more extensive report from Bloomberg HERE.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s