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$3.5bn bid given the green light...
Published: 13 September 2002 11:40 BST
IBM has taken a step closing to purchasing PriceWaterhouseCoopers' consulting division after partners in the accountancy firm approved Big Blue's $3.5bn bid.
The deal has also met with approval from regulators who were looking into potential anti-trust issues.
IBM hopes the deal will breathe new life into its services division.
The proposed sale ends PwC's plans to spin off the unit through a flotation.
IBM has already said it intends to cut jobs when it takes over the unit which currently employs 30,000 staff.
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