IBM Finalizes Lotus Acquisition
This summer's biggest high-tech miniseries is over. Now that IBM
has completed its $3.52 billion acquisition of Lotus Development
Corporation, you can turn your attention back to the Microsoft-
Justice Department brouhaha.
As of Monday's deadline, 97 percent of Lotus shares had been tendered for the sale price of $64 a pop.
The plan is to run the Cambridge, Massachusetts, company as an IBM unit. The company is best known for its Lotus 1-2-3 spreadsheet and Notes groupware software.
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