Short Take: Diebold completes purchase of IBM's InterBold share

Diebold announced that it has completed its purchase of IBM's 30 percent minority interest in InterBold for $16.1 million. InterBold is the joint venture between Diebold and IBM that was formed to provide self-service products for the financial industry and others. Diebold, a provider of card-based transaction systems, security, and service solutions, financed the purchase with its cash reserves.

Jan. 19, 1998 11:20 a.m. PT

announced that it has completed its purchase of IBM's 30 percent minority interest in InterBold for $16.1 million. InterBold is the joint venture between Diebold and IBM that was formed to provide self-service products for the financial industry and others. Diebold, a provider of card-based transaction systems, security, and service solutions, financed the purchase with its cash reserves.