By Will Sturgeon, 13 September 2002 11:40
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.
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below