IBM, SPSS Clear Antitrust Hurdle in $1.2B Acquisition
The federal waiting period to raise antitrust concerns around IBM's proposed $1.2 billion acquisition of predictive analytic software maker SPSS passed Sept. 9, removing a significant roadblock to the deal. The next phase will come Oct. 2, when SPSS shareholders are scheduled to vote on the deal.IBM's proposed $1.2 billion acquisition of predictive analytic software maker SPSS cleared a significant hurdle Sept. 9, when the waiting period for an antitrust review of the deal expired. The next step is for SPSS investors to vote on the deal. The shareholders meeting is set for Oct. 2 in Chicago.
The two companies on July 28 announced the deal, which will enable IBM to add more predictive analysis capabilities to its Information on Demand software.