CNBC |
IBM to acquire Red Hat in deal valued at $34 billion
CNBC IBM is acquiring Red Hat, a major distributor of open-source software and technology, in a deal valued around $34 billion, the companies announced on Sunday. According to a joint statement, IBM will pay cash to buy all shares in Red Hat at $190 each. 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 Big Blue Dons A $34 Billion Red Hat |
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