Robert Smith's firm sells Apptio to IBM, doubling initial investment

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Billionaire Robert Smith's firm sells software maker for $4.6 billion, doubling its initial investment

Billionaire investor Robert Smith's private equity firm has doubled its money after striking a deal this week to sell a software maker.Monday that it had agreed to sell Apptio to IBM for $4.6 billion.

That's a return of 142% on the $1.9 billion that Vista spent acquiring the Bellevue, WA-based software company in 2019. IBM said in a separate statement that it will use cash on hand to fund the deal, which it expects to complete in the second half of 2023. Vista, which is known for buying out software companies, has made $18 billion cashing out its bets since November 2021, according to its statement released Monday.

The deal with IBM could also mark a personal win for Smith, who's battling to show his investors that the company has moved on from his admission of tax evasion.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 729. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

IBM to acquire software company Apptio for $4.6 billionIBM will acquire Apptio, which offers financial and operational IT management and optimization software
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Tesla stock slips on downgrade, IBM shares ease on reported deal and other stocks on the moveIBM, Tesla and Novo Nordisk are some of the stocks on the move.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »