Old 03-05-2008, 05:50 AM Offline   #1 (permalink)



 
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Default IBM takeover of Telelogic gets European approval (InfoWorld)

InfoWorld - The European Commission gave the go-ahead to IBM's planned takeover of Swedish software development tool vendor Telelogic on Wednesday, after an in-depth probe of the deal.IBM bid around $745 million for Telelogiclast June. Despite considerable overlaps in their business activities, the Commission concluded that the deal wouldn't hamper fair competition in the software development tools market.

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