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IBM says it is buying AT&T’s Sterling Commerce unit, which makes business software, for $1.4 billion.
The deal announced Monday would be IBM Corp.’s largest acquisition since it bought Cognos in 2008.
AT&T Inc., then known as SBC Communications, paid $3.9 billion for Sterling in 2000, near the peak of the Internet bubble. The unit, which is based in Dublin, Ohio, has little connection to AT&T’s main telecommunications business.
IBM is based in Armonk, N.Y, while AT&T is based in Dallas.
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