December 6, 2018 / 11:01 PM / in 10 days

IBM to sell some of its software products to HCL for $1.8 bln

Dec 6 (Reuters) - International Business Machines Corp said on Thursday it will sell some of its software products business to HCL Technologies for $1.80 billion.

The software products in scope represent a total addressable market of more than $50 billion, IBM said in a statement.

The transactihere is expected to close by mid-2019. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Shailesh Kuber)

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