IBM buys software company Red Hat for $34bn: statement

IBM buys software company Red Hat for $34bn: statement https://ift.tt/2ESC2EC October 29, 2018 at 01:21AM Yahoo News - Latest News & Headlines https://ift.tt/1UaOSLt

IBM said Sunday it has reached a deal to buy software company Red Hat for $34 billion, a move the computing giant said would enhance its cloud offerings, a key area of growth. The deal will see IBM acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, more than $70 above the $116.68 at which Red Hat was trading on close of business Friday. Red Hat said it was the biggest involving a software company.

from Yahoo News - Latest News & Headlines https://ift.tt/2qh5dXI
Yahoo News - Latest News & Headlines