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:

Take a Free Trial or Login

Topics

News Direct Tax

more across site & shared bottom lb ros

More from across our site

Transfer Pricing

OECD hails Jamaica’s TP overhaul amid $7.7bn revenue intake

The country has overseen better audit procedures and demonstrated commitment to acting as a 'regional leader' on international tax matters, the OECD said

Sam Sholli, April 09 2026

Direct Tax

Exclusive: UK tax barrister and campaigner renew war of words

Barrister Setu Kamal and policy guru Dan Neidle have clashed over the former’s legal action against Google, described as ‘bonkers’ by Neidle

Sam Sholli, April 09 2026

Direct Tax

GAAR grandfathering ‘restored’ pursuant to Tiger Global: analysis

Authors from Khaitan & Co evaluate the recent CBDT notification, whereby legacy investments made by investors continue to be exempt from the applicability of GAAR

Sanjay Sanghvi, April 08 2026

Direct Tax

Baker McKenzie appoints ex-KPMG lawyer as Austrian tax head

Dual-qualified corporate tax specialist Christoph Schimmer joins the firm after stints at Deloitte, Cerha Hempel and DLA Piper

Tom Baker, April 08 2026

Direct Tax

Pillar two and the new global tax disorder

Geopolitical rivalry is reshaping global tax cooperation, as the OECD’s minimum tax framework fragments and the EU grapples with the ensuing legal fallout

Renáta Bláhová, April 06 2026

Direct Tax

Trust is a tax virtue, says Marco Sandoli

LED Taxand’s partner tells ITR about entrepreneurial inspirations, the importance of people skills, and what makes tax cool

April 06 2026

Direct Tax

A taxing week: Three cheers for the firms betting on real estate

Shiny new offices like Ryan’s in London Bridge aren’t just a cost – they signal that a firm is willing to align with its clients’ interests

Tom Baker, April 03 2026

Direct Tax

This week in tax: Deloitte UK appoints tax specialist as CEO

Darren Graves will succeed Richard Houston, who is set to lead Deloitte EMEA; in other news, Morgan Lewis hired a three-partner tax team in New York

Sam Sholli, April 03 2026

Transfer Pricing

India announces record number of APAs for 2025/26 financial year

India also signed its first-ever bilateral APAs with France, Ireland, Indonesia and Sweden last year, the CBDT revealed

Sam Sholli, April 02 2026

Direct Tax

Chile’s GAAR one year on: enforcement, sustainability and limitations

Chile’s revamped GAAR marks a shift toward structural scrutiny, pushing MNEs to strengthen tax governance, economic substance and compliance strategies

Patricio Casas Farías, April 02 2026