IBM to Acquire Kenexa To Bolster Social Business Initiatives

by Volker Weber

ARMONK, N.Y. - 27 Aug 2012:  IBM (NYSE: IBM) and Kenexa Corporation (NYSE: KNXA) today announced they have entered into a definitive agreement for IBM to acquire Kenexa, a publicly held company headquartered in Wayne, Pa., in a cash transaction at a price of $46 per share, or at a net price of approximately $1.3 billion.

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