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The Wall Street Journal reported Friday that IBM\u2019s deal for Apptio was near.\nShares of IBM were off 0.4% in Monday\u2019s premarket action.\nDon\u2019t miss: How will AI affect stocks of semiconductor companies? Here are the 18 expected to grow their sales most quickly.\nThe company noted in its release that Apptio has seen growing usage as companies expand their information-technology work across different private and public clouds with multiple service providers, adding complexity that Apptio\u2019s software can help manage.\n\u201cApptio\u2019s\u00a0offerings combined with\u00a0IBM\u2019s\u00a0IT automation software and watsonx AI platform, gives clients the most comprehensive approach to optimize and manage all of their technology investments,\u201d IBM Chief Executive Arvind Krishna said in a release.\nRead: Patience can pay off tremendously for investors in the stock market. Here\u2019s how one fund manager does it.\nFurther, Apptio \u201cwill bring to\u00a0IBM\u00a0$450 billion\u00a0of anonymized IT spend data, unlocking new insights for clients and partners,\u201d IBM noted in that release.\nIBM said it plans to conduct the transaction using cash on hand and anticipates that the deal will close in the second half of 2023.\n\u201cStrategically, we think this asset aligns with\u00a0IBM\u2019s hybrid cloud/AI focus and we believe some of the capabilities related to cloud spend management are particularly pertinent in an uncertain macro environment (helps organizations scrutinize IT spending),\u201d Evercore ISI analyst Amit Daryanani wrote in a note to clients over the weekend after deal reports surfaced.\nSee also: The bull market has left these 20 companies behind, but they are primed for growth\nSoros Fund Management, the investment firm founded by billionaire George Soros, took new positions or bulked up on IPOs and a number of tech names during the third quarter.\nEmily Bary is a MarketWatch news editor based in New York.\nEmily Bary is a MarketWatch news editor based in New York.\n\nSource: MarketWatch\n", "timestamp_ms": 1687778520000, "published_utc": "2023-06-26T11:22:00Z", "article_url": "https://www.marketwatch.com/story/ibm-confirms-4-6-billion-all-cash-deal-for-apptio-b5bba310", "label_type": [ "[1][c] Company-Specific News" ], "label_time": [ "[2][b] Recent Trends (Past Few Weeks \u2013 Ongoing)" ], "label_sentiment": [ "[1][a] Bullish" ] }, "trend": { "input_percentage_change": 3.2149029060884655, "input_bin_label": "+2% ~ +4%", "output_percentage_change": 2.3152133437317852, "output_bin_label": "+2% ~ +4%", "overall_percentage_change": 3.4115467736955756, "overall_bin_label": "+2% ~ +4%" }, "technical": { "in_sma_10": [ 129.56, 129.0975, 128.97, 128.92000000000002, 128.924, 128.9675, 129.025, 129.004375, 128.95388888888888, 128.852, 128.66400000000002, 128.59550000000002, 128.536, 128.503, 128.47200000000004, 128.4865, 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