Phys.Org |
IBM buys software company Red Hat for $34bn in bid for cloud dominance
Phys.Org "Today is a banner day for open source," said Paul Cormier, Red Hat's vice president and president of products and technologies. "The largest software transaction in history and it's an open source company. Let that sink in for a minute. We just made ... IBM to acquire Red Hat in deal valued at $34 billion IT'S OFFICIAL: IBM is acquiring software company Red Hat for $34 billion IBM to buy Red Hat for 63% premium in big play for the cloud |
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