International Business Machines Corp. (IBM), Monday announced that it has closed acquisition of New York-based Hakkoda Inc., a global data and AI consultancy, on April 2. The financial details of the transaction were not disclosed.
With this acquisition, IBM aims to expands its data transformation services portfolio, adding specialized data platform expertise to help clients get their data ready to fuel AI-powered business operations.
In the pre-market hours, IBM's stock is trading at $219.36, down 3.57 percent on the New York Stock Exchange.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.