1 hour, 6 minutes ago SAN FRANCISCO (Reuters) - International Business Machines Corp (IBM.N) has no plans for a mega-merger on the scale of Microsoft Corp's (MSFT.O) $40 billion-plus unsolicited bid for Yahoo Inc (YHOO.O), Chief Executive Sam Palmisano said on Thursday."We would not do a Yahoo," Palmisano said in response to a question at an IBM analyst and investor conference in New York. "We would not do a big, multibillion-dollar acquisition."
He appeared to be reaffirming a policy in recent years to focus on small and medium-sized deals instead of mega-mergers. Over the past decade, the world's largest technology services company has undertaken multibillion-dollar deals including Cognos, PricewaterhouseCoopers and Lotus Development Corp.
Read More