Security News > 2018 > October > IBM to acquire Red Hat for $34 billion
2018-10-29 07:23
IBM and Red Hat announced have reached a definitive agreement under which IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion. “The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” said Ginni Rometty, IBM Chairman, President and Chief Executive Officer. “IBM will become the world’s #1 hybrid cloud provider, … More → The post IBM to acquire Red Hat for $34 billion appeared first on Help Net Security.
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