Want CNET to notify you of price drops and the latest stories?
No, thank you Accept
X
WWDC: Everything We ExpectRemote Working in ParadiseBest Mineral SunscreensBest Solar CompaniesCNET CouponsMeal Subscription vs. TakeoutBest Satellite Internet ProvidersCurrent Mortgage Rates

IBM Finalizes Lotus Acquisition

CNET News staff
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.