IBM Seeks Buyer for Watson Health Unit: Report

1 year ago 340

Updated Jan. 5, 2022 12:03 p.m. ET / Original Jan. 5, 2022 12:02 p.m. ET

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In the latest determination by International Business Machines CEO Arvind Krishna to reposition the tech elephantine by streamlining and restarting growth, Big Blue has hired BofA Securities to find a purchaser for its Watson Health artificial-intelligence-software concern according to a report. IBM‘s looking for a terms of much than $1 billion.

According to Axios, which cites “people acquainted with the situation,” IBM (ticker: IBM) wants to exit its health-care vertical market, aft spending much than $4 cardinal connected a bid of acquisitions...

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