Ibm To Buy Red Hat In A Deal Valued At 34 Billion Techworm
In an agreement expected to be finalized in the second half of 2019, IBM will purchase all of the issued and outstanding common shares of Red Hat for $190 per share in cash, which is a 63% premium over the company’s Friday’s closing share price. “The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” said Ginni Rometty, Chairman and Chief Executive Officer of IBM, said in a press release announcing the deal....