IBM to break up 109-year old company to focus on cloud growth

International Business Machines Corp is splitting itself into two public companies, capping a years-long effort by the world's first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing.
Read more: https://www.reuters.com/article/us-ibm-divestiture/ibm-to-break-up-109-year-old-company-to-focus-on-cloud-growth-idUSKBN26T1TZ?source=Snapzu