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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Red Hat jumps, IBM shares dip on cloud mega-mergerIBM Corp's $34 billion deal to buy Red Hat Inc drove shares in the small bu... IBM should stake a claim as an affordable 5G satellite ISP/mobile telecom.
Source: Reuters - 🏆 2. / 97 Read more »

After IBM-Red Hat, cloud companies such as Workday, Okta, MongoDB could be next, analysts saySome technology stocks were up Monday following speculation they could be bought in light of IBM's Red Hat deal.
Source: CNBC - 🏆 12. / 72 Read more »

Tech stocks are surging after IBM agrees to pay $34 billion for Red Hat | Markets InsiderTech stocks are geting mauled, Dow drops more than 650 points from its highs It's time to cash out!
Source: BusinessInsider - 🏆 729. / 51 Read more »

IBM-Red Hat deal helps boost tech stocksAfter a tough week, there's nothing like a merger to get Wall Street back on track. What red hat? MAGA hats? O_o Thanks Trump👍 ...Trump must somehow be bad in this...ooh, ooh, ooh...it's the 'Red Hat deal'...Red Hat = MAGA hat!!! 'Trump Collusion With IBM On MAGA Hats Drives Markets Higher; Women And Minorities Hurt Most' (Fixed it for you)
Source: CNN - 🏆 4. / 95 Read more »

IBM Will Acquire Open-Source Software Company Red Hat In $34 Billion DealIBM will acquire Red Hat for $190 per share, in a deal worth approximately $34 billion. Both companies took pains to say the Red Hat ethos and commitment to open source would continue. Pictured: IBM acquiring a Red Hat Goodbye open source. “Open source” - a Petri dish for development, where umbrella corps are then bought for gobs of money, based on the unpaid genius of others.
Source: NPR - 🏆 96. / 63 Read more »

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 ?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Hortonworks, Nutanix among software stocks rising after IBM announces of Red Hat deal
Source: MarketWatch - 🏆 3. / 97 Read more »