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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

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, ...

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:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

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 »

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$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 to acquire software company Red Hat for US$34 billionIBM 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 ...
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 »