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IBM completes purchase of Cleversafe

International Business Machines Corp. on Nov. 6 closed its deal to acquire Cleversafe Inc. for a transaction value of $1.31 billion.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Cravath Swaine & Moore LLP was the legal adviser for IBM.

Latham & Watkins LLP was the legal adviser for Cleversafe.