# Prof. Robert Salomon on IBM's sale of its chipmaking business to GlobalFoundries

1 Faculty News October 20, 2014 ![Marketplace Logo](/sites/default/files/styles/246w/public/assets/images/marketplace_logo.jpg?itok=IIav3Udj)>

Excerpt from [Marketplace](http://www.marketplace.org/topics/business/why-ibm-paying-15-billion-lose-business) -- "'If you only look at the headline cash number, you are missing a lot of the story,' says [Rob Salomon](http://w4.stern.nyu.edu/faculty/bio/robert-salomon), professor at the NYU Stern School of Business... 'As a matter of fact, there’s another example where this happened, which is Daimler-Chrysler’s spin-off of Chrysler. In effect, Daimler paid Cerberus to take Chrysler off its hands,' Salomon says."

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