IBM Corp. is selling its printing division, which generated $1 billion in 2006, to Japanese copier maker Ricoh Co. for $725 million, the U.S. company says. Ricoh will own 51 percent of the new company, which will be called the InfoPrint Solutions Co., IBM said. The Armonk, N.Y., computer giant will initially form a joint venture with Ricoh and gradually cede the rest of the business to Ricoh by ...
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