IBM buys Red Hat in US$34bn straight cash deal

By Juha Saarinen on Oct 29, 2018 5:52AM

Chasing hybrid multi-cloud market.

Following a weekend of rumours, IBM has confirmed that it will acquire enterprise Linux vendor Red Hat, in a US$34 billion cash deal. The two companies have worked together for the past two decades, and intend to focus on the hybrid multi-cloud market after joining forces. "Today’s ...

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