{"id":58568,"date":"2021-03-31T11:04:00","date_gmt":"2021-03-31T11:04:00","guid":{"rendered":"https:\/\/www.globallogic.com\/?post_type=news&amp;p=58568"},"modified":"2021-03-31T11:04:00","modified_gmt":"2021-03-31T11:04:00","slug":"hitachi-to-buy-u-s-software-developer-globallogic-for-9-6-billion","status":"publish","type":"news","link":"https:\/\/www.globallogic.com\/about\/press-room\/media-coverage\/hitachi-to-buy-u-s-software-developer-globallogic-for-9-6-billion\/","title":{"rendered":"Hitachi to Buy U.S. Software Developer GlobalLogic for $9.6 Billion"},"content":{"rendered":"<div class=\"classic_editor_content\">TOKYO (Reuters) -Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to digital services.<\/p>\n<p>The deal is the biggest Japanese outbound acquisition of a U.S. hi-tech company on record, according to Refinitiv data.<\/p>\n<p>The acquisition is part of Hitachi&#8217;s ongoing business portfolio overhaul, which includes the $7 billion acquisition of ABB Ltd&#8217;s power grid business last year and a series of divestitures of its domestic hardware subsidiaries.<\/p>\n<p>Hitachi&#8217;s stock tumbled 7% on the Tokyo Stock Exchange, its sharpest daily fall in more than a year, on the news.<\/p>\n<p>To read this news in details, please visit: <a href=\"https:\/\/www.usnews.com\/news\/technology\/articles\/2021-03-31\/hitachi-to-buy-us-software-developer-globallogic-for-96-billion-nikkei\" target=\"_blank\" rel=\"external nofollow\" target=\"_blank\">https:\/\/www.usnews.com\/news\/technology\/articles\/2021-03-31\/hitachi-to-buy-us-software-developer-globallogic-for-96-billion-nikkei<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO (Reuters) -Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to digital services. The deal is the biggest Japanese outbound acquisition of a U.S. hi-tech company on record, according to Refinitiv data. The acquisition is part of Hitachi&#8217;s ongoing business portfolio overhaul, which includes the $7 billion acquisition of ABB Ltd&#8217;s power grid business last year and a series of divestitures of its domestic hardware subsidiaries. Hitachi&#8217;s stock tumbled 7% on the Tokyo Stock Exchange, its sharpest daily fall in more than a year, on the news. To read this news in details, please visit: https:\/\/www.usnews.com\/news\/technology\/articles\/2021-03-31\/hitachi-to-buy-us-software-developer-globallogic-for-96-billion-nikkei<\/p>\n","protected":false},"featured_media":58520,"parent":0,"menu_order":151,"template":"","meta":{"_acf_changed":false,"footnotes":""},"news-category":[757],"embedded-category":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.globallogic.com\/wp-json\/wp\/v2\/news\/58568"}],"collection":[{"href":"https:\/\/www.globallogic.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.globallogic.com\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":0,"href":"https:\/\/www.globallogic.com\/wp-json\/wp\/v2\/news\/58568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.globallogic.com\/wp-json\/wp\/v2\/media\/58520"}],"wp:attachment":[{"href":"https:\/\/www.globallogic.com\/wp-json\/wp\/v2\/media?parent=58568"}],"wp:term":[{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.globallogic.com\/wp-json\/wp\/v2\/news-category?post=58568"},{"taxonomy":"embedded-category","embeddable":true,"href":"https:\/\/www.globallogic.com\/wp-json\/wp\/v2\/embedded-category?post=58568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}