IBM close to deal to acquire software company Red Hat: Bloomberg

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International Business Machines Corp. is close to a deal to acquire software company Red Hat Inc. [s:rht], Bloomberg News reported Sunday, citing people familiar with the matter. A deal could be announced later in the day, they said, although the terms were not available, according to Bloomberg. Red Hat closed Friday down 0.7% and is down about 3% on the year, while IBM has fallen about 18%. The Dow Jones Industrial Average has gained about 1% in 2018.

 

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She sounds crazy that CEO

This is huge!!

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Hortonworks, Nutanix among software stocks rising after IBM announces of Red Hat deal
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IBM to acquire software company Red Hat for $34 billionIBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat I... Red hat = bad Orange Man = bad IBM = bad Resist don't how one can be worth that much when coding for free? Drag it with them in their grave..
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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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