PwC completes sale of consulting arm to IBM

October 05 2002

PricewaterhouseCoopers has closed the sale of its consulting business to IBM. The sale was completed on October 2 after being approved by the PricewaterhouseCoopers member firms and partners globally and receiving all regulatory clearances. IBM paid approximately $3.5 billion for the business, which had previously been considered for an IPO under the name "Monday".

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Request Access or Login

Topics

News Direct Tax

more across site & shared bottom lb ros

More from across our site

Direct Tax

Kelowna,,British,Columbia,,Canada,-,August,16,,2025:,Kpmg,Sign

KPMG Australia shields tax team as nearly 400 roles axed

Despite the ongoing audit controversy, the firm’s tax and legal division saw revenue growth of 10.9%

Sam Sholli, August 24 2026

Direct Tax

Beyond the headlines: UN tax convention on track despite OECD countries’ heel-dragging

Fresh from the UN negotiations in New York, Alex Cobham offers ITR readers a rare first-hand perspective on the future of international tax cooperation

Alex Cobham, August 24 2026

Direct Tax

KPMG Australia tax team survives job cuts amid audit scandal: report

Around 450 client-facing roles are due to be axed next week, it has been reported

Sam Sholli, August 21 2026

Direct Tax

Moscow,,Russia,01.02.2025,Democratic,Party,Usa,Flag,Badge

A taxing week: Expect no pillar two favours from a Democratic administration

The OECD may be making a mistake if a 2029 review is intended to outlast Trump in the hope of more favourable treatment from the US Democrats

Sam Sholli, August 21 2026

Transfer Pricing

Indian advisory firm Nexdigm strikes partnership with AI-enabled TP platform

Nexdigm has invested in Singapore-based infer360, a TP intelligence product designed by ex-PwC partners

Tom Baker, August 21 2026

Awards

ITR Americas Tax Awards 2026: shortlist announced

ITR is delighted to reveal all the shortlisted nominees for the 2026 Americas Tax Awards

John Harrison, August 20 2026

Indirect Tax

The hidden compliance risk in Brazil's VAT enforcement delay

Despite initial hopes that the reporting obligation had been suspended, compliance challenges brought by Brazil’s indirect tax reform are very much a reality

Sam Sholli, August 20 2026

Direct Tax

The Latin American tax policy landscape in 2026: an overview

As tax authorities embrace AI and governments weigh pillar two reforms, Latin America is developing a more connected and internationally focused tax agenda

Lucas de Lima Carvalho, August 19 2026

Direct Tax

HMRC launches second tax adviser registration phase

Advisers with pre-existing corporation tax or self-assessment accounts must now register or risk enforcement action from HMRC

Tom Baker, August 18 2026

Direct Tax

The increasing importance of ‘economic substance’ under Indian income tax laws

India's tax authorities are increasingly scrutinising the rationale behind cross-border structures

Sanjay Sanghvi, August 18 2026