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IBM to acquire software company Red Hat for US$34 billionIBM Corp said on Sunday it had agreed to acquire US software company Red Hat Inc for $34 billion (S$46.9 billion), including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services. The 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.
Source: AsiaOne - 🏆 14. / 51 Read more »
Red Hat jumps, IBM shares dip on cloud mega-mergerIBM 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, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
IBM nears deal to acquire software company Red Hat: sourcesIBM Corp is nearing deal to acquire software company Red Hat Inc in a deal that could exceed US$30 billion and allow it to expand its cyber ... It's a cyber security company, harishpillay ?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
IBM buys software company Red Hat for US$34bWASHINGTON: IBM said on Sunday (Oct 28) it has reached a deal to buy software company Red Hat for US$34 billion, a move the computing giant said ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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.
Source: BusinessTimes - 🏆 15. / 51 Read more »
IBM buys software company Red Hat for US$34b in bid for cloud dominanceWASHINGTON: IBM said on Sunday (Oct 28) it has reached a deal to buy open source software company Red Hat for US$34 billion, among the biggest ...
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