Red Hat jumps, IBM shares dip on cloud mega-merger

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IBM Corp's US$34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker 50 percent higher on Monday, ...

 

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IBM buys software company Red Hat for US$34b: statement[WASHINGTON] IBM said on Sunday it has reached a deal to buy software company Red Hat for US$34 billion, a move the computing giant said would enhance its cloud offerings, a key area of growth. Read more at The Business Times.
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