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BRIEFLY

Technology & Telecommunications

June 22, 1995| Times Staff and Wire Reports

IBM Gets Antitrust Approval for Lotus Merger: Armonk, N.Y.-based International Business Machines Corp. said it got a green light from federal antitrust regulators to proceed with its $3.5-billion acquisition of Lotus Development Corp. of Cambridge, Mass. "We heard from the [Federal Trade Commission], and they will not be requesting additional information from us," IBM spokesman John Iwata said. The FTC had until midnight Wednesday to request more information about any possible anti-competitive aspects of the deal, the largest buyout in the software industry.

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