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Tech Industry

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.

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.