IBM to Acquire Cloud Computing Firm Red Hat for $34B

FAN Editor 6 years ago

This article was originally published on ETFTrends.com.

IBM (IBM) announced on Sunday that it plans to acquire Red Hat (RHT), an open-source software and cloud computing firm, for $34 billion. The Street’s response to the news has been largely optimistic, with Red Hat stock surging over 45 percent. In a statement to shareholders and regulators, IBM labeled the deal as the “most […]

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