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March 31, 2021 06:45 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/GmAz4JCgqok/hitachi-to-buy-us-software-developer-globallogic-for-96-billion
Hitachi To Buy US Software Developer GlobalLogic for $9.6 Billion
Hitachi said on Wednesday it will buy U.S. software company GlobalLogic for $9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to digital services. From a report: The deal is the biggest Japanese outbound acquisition of a U.S. hi-tech company on record, according to Refinitiv data. The acquisition is part of Hitachi's ongoing business portfolio overhaul, which includes the $7 billion acquisition of ABB's power grid business last year and a series of divestitures of its domestic hardware subsidiaries. Hitachi's stock tumbled 7% on the Tokyo Stock Exchange, its sharpest daily fall in more than a year, on the news.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/GmAz4JCgqok/hitachi-to-buy-us-software-developer-globallogic-for-96-billion
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