Business & Finance
Hitachi to buy US software developer GlobalLogic for $9.6bn
- Recent media reports have also said it is discussing a sale of Hitachi Metals Ltd.
TOKYO: Japan's Hitachi Ltd plans to buy US software company Global Logic for $9.6 billion, the Nikkei business daily reported on Wednesday.
Shares in Hitachi fell 4% after the report, which came after a series of divestitures by the conglomerate, including sales of its chemical unit and a diagnostic imaging business.
Recent media reports have also said it is discussing a sale of Hitachi Metals Ltd.
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