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Author Topic: IT'S OFFICIAL: IBM is acquiring software company Red Hat for $34 billion  (Read 181 times)

Offline mozart123

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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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