On July 6, 1995, IBM bought Lotus Development for $3.5 billion. Lotus had once been the second largest software publisher in the world and was worth $5.5 billion at its IPO. Its flagship product, the spreadsheet Lotus 1-2-3, had been a key driver in sales of the original IBM PC in the early 1980s. By 1995, Lotus wasn’t trending in the right direction, but IBM had plans and thought Lotus fit into them.
Why IBM bought Lotus










