NEWS IBM has taken a step closing to purchasing PriceWaterhouseCoopers' consulting division after partners in the accountancy firm approved Big Blue's $3.5bn bid. The deal has also met with approval from regulators who were looking into potential anti-trust issues. IBM hopes the deal will breathe new life into its services division. The proposed sale ends PwC's plans to spin off the unit through a flotation. IBM has already said it intends to cut jobs when it takes over the unit which currently employs 30,000 staff.
IBM gains approval for PwC purchase
$3.5bn bid given the green light...
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