July 6, 1995 1:00 PM PDT

IBM Finalizes Lotus Acquisition

This summer's biggest high-tech miniseries is over. Now that IBM has completed its $3.52 billion acquisition of Lotus Development Corporation, you can turn your attention back to the Microsoft- Justice Department brouhaha.

As of Monday's deadline, 97 percent of Lotus shares had been tendered for the sale price of $64 a pop.

The plan is to run the Cambridge, Massachusetts, company as an IBM unit. The company is best known for its Lotus 1-2-3 spreadsheet and Notes groupware software.


Join the conversation

Add your comment

The posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.

What's Hot



RSS Feeds

Add headlines from CNET News to your homepage or feedreader.