TOKYO -- Sumitomo Corp.'s move to buy all of Japanese IT services company SCSK for 882 billion yen ($5.72 billion) represents a change in stance for a trading house that had been seen as reluctant to make big investments.
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Buffett-backed Sumitomo tries to shed deal-shy image with latest acquisition
Japanese trading house to buy IT group SCSK as it doubles down on strengths
Sumitomo Corp.'s deal for SCSK is the Japanese trading house's biggest acquisition to date. © Reuters
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