Banks could reap as much as $115 million for orchestrating the IBM-Red Hat deal — the largest software acquisition in history

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IBM's $34 billion acquisition of Red Hat is the largest software deal in history. The bankers who helped orchestrate the acquisition are set to make as much as $115 million in fees.

 

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IBM to acquire software company Red Hat for $34BThe transaction is by far IBM’s biggest acquisition. It underscores IBM chief executive Ginni Rometty’s efforts to expand the company’s subscription-based software offerings, as it faces slowing software sales and waning demand for mainframe servers.
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