Monday, October 29, 2018

IBM += Red Hat - $34 Billion

IBM to Acquire Red Hat for $34 Billion @ InfoQ

"IBM announced this afternoon that it will acquire open-source software company Red Hat for $34 billion, the largest deal IBM has ever done, according to Reuters. The deal will help IBM expand its reach as an enterprise cloud computing provider."

IBM to acquire software company Red Hat for $34 billion | Reuters

"IBM, which has a market capitalization of $114 billion, will pay $190 per share in cash for Red Hat, a 63 percent premium to Friday’s closing share price."

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