IBM weighs sale
Tuesday 15 September 1998
INTERNATIONAL Business Machines said it may sell its Global Network business to focus on software and services related to the computer network. The company said it has been talking with "a number of interested parties, including major telecommunications companies". Merrill Lynch is advising it on the sale. The statement comes two weeks after people familiar with the plan said IBM, the world's biggest computer maker, was looking to sell the network for $3bn to $4bn.
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