IBM nears $5bn deal to acquire software firm Apptio

News Image

MG News | June 24, 2023 at 01:55 PM GMT+05:00

Join our Whatsapp channel
Add Mettisglobal as a Trusted Source on Google Google
0:00

June 24, 2023 (MLN): IBM (NYSE: IBM) is nearing a deal to acquire software company Apptio for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.

A deal between the companies could be completed over the weekend, the Journal reported, adding that it was unclear whether the purchase price includes debt.

IBM declined to comment on the report as reported by Reuters.

Apptio, taken private by Vista Equity Partners in 2018 for $1.94bn, provides products including cloud-based and hybrid business management software, a possible asset for technology giant IBM.

The deal follows IBM's 2021 purchase of software provider Turbonomic for over $1.5bn and its 2019 acquisition of software company Red Hat for $34bn.

Copyright Mettis Link News

Related News

News
Oil prices slip to $101 amid G7 stock release, rising Middle East exports
News
Asian markets gain on improving oil flows, easing yield concerns
News
Trade gap widens to $3.56bn in September
Name Price/Vol %Chg/NChg
KSE100 166,111.71
77.00M 		-1.22%
-2043.78
ALLSHR 100,611.17
193.33M 		-1.19%
-1210.09
KSE30 49,560.26
28.93M 		-1.18%
-591.35
KMI30 237,686.17
27.87M 		-1.25%
-3007.89
KMIALLSHR 65,113.37
109.22M 		-1.20%
-792.82
BKTi 46,352.85
7.01M 		-0.95%
-443.47
OGTi 33,871.94
2.20M 		-1.43%
-490.20
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 86,550.00 87,395.00
84,680.00 		1960.00
2.32%
BRENT CRUDE 101.39 103.40
101.02 		-0.86
-0.84%
RICHARDS BAY COAL MONTHLY 128.50 0.00
0.00 		1.00
0.78%
ROTTERDAM COAL MONTHLY 140.00 0.00
0.00 		-3.15
-2.20%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50 		0.00
0.00%
CRUDE OIL - WTI 89.87 91.88
89.60 		-1.24
-1.36%
SUGAR #11 WORLD 19.91 0.00
0.00 		-0.02
-0.10%
Chart of the Day
Latest News
October 05, 2026 at 11:33 AM GMT+05:00

US, South Korea at odds over Alaska LNG

October 05, 2026 at 10:57 AM GMT+05:00

Pakistan, Bangladesh explore higher textile trade

October 05, 2026 at 10:04 AM GMT+05:00

Gold hovers near $4,132 as Fed hike bets dip

Top 5 things to watch in this week
Workers' Remittances
Central Government Debt
Savings Mobilized by National Savings Schemes
International Reserves/Foreign Currency Liquidity
MTB Auction
Previous
Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg