Armonk, N.Y. (April 9, 2004) -- As the controversy grows in the U.S. over the outsourcing of jobs overseas, IBM announced plans to acquire Daksh eServices Ltd., one of India's largest business outsourcing firms.

The companies didn't disclose the purchase price, but published reports estimate that the price being paid is between $100 million and $150 million. The deal is expected to close in May.

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