Monday, August 10, 2009

Today's Fly Or Die Commerce Report

IBM (International Business Machines Corporation) has reportedly agreed to purchase SPSS Incorporated for $1.2 billion. The deal is expected to close by the end of the year. According to The Wall Street Journal, the purchase is an "all-cash offer [at] $50 a share.

SPSS is a Chicago-based company that develops software that manages statistics for a variety of purposes including: Governmental, scientific, and marketing.

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