Finance

IBM Is Worst Performer on Dow as Cloud Services Unit Falters

(Bloomberg) — IBM fell the most in three months after reporting revenue that missed estimates, with sales in a key unit declining for the second consecutive period. The quarterly results, released Tuesday after the close of trading, further extend Chief Executive Officer Ginni Rometty’s turnaround plan into its fifth year without… Read More

BC Partners Acquires PlusServer from GoDaddy in €400M Deal

GoDaddy has reached an agreement to sell managed hosting provider PlusServer to funds advised by BC Partners for €397 million ($456 million), the company announced Tuesday. PlusServer is based in Cologne, Germany, and was acquired by GoDaddy as part of the €1.69 billion Host Europe Group (HEG) deal in December.… Read More

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