IBM was losing the cloud wars — here's why Wall Street thinks its $34 billion Red Hat acquisition will change that

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BI Prime: Here's why analysts say Red Hat could position IBM for success after years of declining revenues.

 

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Tech stocks are surging after IBM agrees to pay $34 billion for Red HatStocks rose Monday as Wall Street shook off fears about rising rates and signs of slowing growth that have weighed on global markets this month. Is IBM's acquisition of 'Red Hat' really worth $34 billion ?
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