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IBM spells out $1 billion Informix acquisition

Publication:ZDNetDate:Apr 24 2001

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IBM on Tuesday laid out plans for acquiring the database business of Informix for $1 billion in cash. After the deal closes in the third quarter, Big Blue will partner with Ascential Software, Informix's remaining subsidiary, by marketing Ascential's database management tools and co-developing some products, officials said in a teleconference


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