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IBM Buys PwC Consulting, Pays Less than 25 Percent of Price H-P Had Negotiated

Yesterday, IBM announced that it would acquire PricewaterhouseCoopers Consulting, leaving PwC with a core business that revolves around accounting and audit practices. Forbes reported that the price IBM agreed to pay was less than 25 percent of the price Hewlett-Packard had offered about two years ago for the same business.

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