IBM Shares Unmoved Despite Possible Major Asset Sales
If the deal goes through, IBM would likely get a small boost. According to Bloomberg, the chip manufacturing business loses the company $1.5 billion a year (last year’s net income was $16.5 billion). Globalfoundries is more interested in acquiring the intellectual property and engineers.
Shares of IBM last traded at $182.00 in the pre-market, 0.14 percent lower than Wednesday's close.
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