June 27 - 15:06
EU approves IBM's $34 billion Red Hat acquisition
IBM's high-profile acquisition of Red Hat has been ratified by the European Union. The $34 billion deal received unconditional approval after it was decided that it wouldn't contravene any competition rules. Its assessment looked at the possible impact on the middleware and system infrastructure software market. IBM will step up its effort in the hybrid cloud game with the buyout.
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