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HCL Technologies (HCL) on Thursday announced that it will acquire select IBM software products for $1.8 billion. The transaction is expected to close by mid-2019, subject to completion of applicable regulatory reviews.
The announcement raised initial shock waves from analysts and industry watchers which in turn reflected in the stock. The questions are very evident- why such a huge payout for seven software products? Does the product business really have revenue scalability potential? Is...
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