IBM nears deal to buy software company Apptio for $5 billion: WSJ

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International Business Machines Co. is close to a deal to buy cloud-based business software company Apptio Inc. for more than double its purchase price five...

International Business Machines Co. IBM, -1.33% is close to a deal to buy cloud-based business software company Apptio Inc. for more than double its purchase price five years ago, the Wall Street Journal reported late Friday. IBM could close a deal to buy Apptio from private-equity firm Vista Equity Partners, possibly over the weekend, for around $5 billion, the WSJ reported, citing unnamed sources close to the advanced talks.

which saw shares fall 9.3% on the week.

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