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| IBM spells out $1 billion Informix acquisition |
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| Publication: | ZDNet | Date: | Apr 24 2001 |
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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