Tag Archives: REDHAT

IBM to acquire software company Red Hat for $34 billion

10 October, 2018 9:19 am 9:19 am

NEW YORK (Reuters) – IBM Corp said it had agreed to acquire US software company Red Hat Inc  for $34 billion (26.5 billion pounds), including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services. The transaction is by far IBM’s biggest acquisition. It underscores IBM Chief Executive … Read More