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IT'S OFFICIAL: IBM is acquiring software company Red Hat for $34 billion
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Topic: IT'S OFFICIAL: IBM is acquiring software company Red Hat for $34 billion (Read 4627 times)
mozart123
Philmusicus Addictus
IT'S OFFICIAL: IBM is acquiring software company Red Hat for $34 billion
«
on:
October 29, 2018, 12:25:42 PM »
IBM has struck a deal to acquire cloud software company Red Hat for $34 billion.
IBM will pay $190 per share for the software company, which it described as the world's leading provider of open source cloud software, a more than 60% premium to Red Hat's closing stock price of $116.68 on Friday. Shares traded upwards of $175 in June, but disappointing earnings combined with a volatile market had seen the price drop sharply.
https://www.businessinsider.com/ibm-is-reportedly-nearing-a-deal-to-acquire-redhat-the-software-company-valued-at-20-billion-2018-10?utm_content=buffercee5a&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-ti
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IT'S OFFICIAL: IBM is acquiring software company Red Hat for $34 billion