Skip to content

Lotus / IBM Anniversary

I realized today that an anniversary had passed last month without notice. Ten years and one month ago (June 6, 1995) IBM made a cash tender offer to purchase Lotus Development Corp. at a price of $60 per common share — the day before Lotus stock was trading at $32 per share. A week later the offer was upped to $64 per share. The total value of the transaction was about $3.5 billion.

I worked at Lotus at the time and remember that we were pretty stunned by the news. IBM had done its homework; there was no way for Lotus to resist the offer. The deal was accepted and Lotus became a division of IBM. Overall, it was probably the best outcome for Lotus. The growth of Notes/Domino sales in the years after the acquisition was phenomenal.

Posted in Uncategorized.

0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Some HTML is OK

or, reply to this post via trackback.

bob congdon is Stephen Fry proof thanks to caching by WP Super Cache