July 09 - 15:07
IBM completes $34 billion acquisition of Red Hat
IBM has completed the acquisition of Red Hat for approximately $34 billion.IBM said the deal positions it as the leading hybrid cloud provider and accelerates IBM's high-value business model, extending Red Hat's open source innovation to a broader range of clients. Red Hat will operate as a distinct unit within IBM and will be reported as part of IBM's Cloud and Cognitive Software segment.
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