Announced
Financials
Sources
Tags
Friendly
Pending
restaurant technologies
Private
Single Bidder
Majority
Domestic
United States
Acquisition
Electronic Components and Equipment
Synopsis
IBM, an American multinational technology corporation, agreed to acquire McD Tech Labs, a voice technology company, from McDonald's, an American fast food company. Financial terms were not disclosed. The acquisition of McD Tech Labs will complement IBM's existing work to develop and deliver AI-driven customer care solutions with IBM Watson. Businesses across industries from financial services and healthcare to telecommunications and retail are using Watson to drive business outcomes.
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