From NYT:
The Symantec Corporation, a leader in security software and one of Silicon Valley’s oldest companies, announced early Thursday that it would acquire Veritas Software, a maker of data storage programs, to create the world’s fourth-largest software company. The all-stock transaction was valued at $13.5 billion.
The deal, which is expected to close in the second quarter of next year, will give the combined company revenue of $5 billion next year. Only Microsoft, Oracle and SAP, a German-based competitor, would have greater software sales.
So IBM sells it’s entire hardware division (real, touchable items that people can buy) for $10 billion, and a software company is sold for $13 billion. Doesn’t seem right!