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

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Red Hat jumps, IBM shares dip on cloud mega-merger
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The breakup fee for the deal, which would be among the largest on record in the tech sector, has yet to be announced and a high fee would also deter Red Hat from entertaining other buyers.

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IBM buys software company Red Hat for US$34 billion | The Malaysian InsightIBM buys software company Red Hat for US$34 billion | The Malaysian InsightCNBC says it will be the third biggest merger involving tech companies in history if approved.
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