IBM Buys SPSS For Approx. $1.2 Billion In Cash Deal

IBM Buys SPSS For Approx. $1.2 Billion In Cash Deal

July 29, 2009, 10:37 am
Filed under: Analytics, Business Intelligence, Data, Datarati, Predicitive Modelling, Segmentation | Tags: IBM, SPSS

IBM is buying analytics software and solutions provider SPSS in an all cash transaction at a price of $50/share – a 42 percent premium to Monday’s closing price of $35.09 on Nasdaq – resulting in a total cash consideration in the merger of approximately $1.2 billion.

The acquisition is subject to SPSS shareholder approval, regulatory clearances and other closing conditions, and is expected to close later in the second half of 2009.

More:
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/28/AR2009072800858.html

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