US: IBM closes US$34B purchase of Red Hat

US: IBM closes US$34B purchase of Red Hat

International Business Machines closed its roughly $34 billion acquisition of open-source software company Red Hat, the company said, a deal for the 108-year-old tech giant that will help define Chief Executive Ginni Rometty’s legacy. With Red Hat, the most expensive deal in IBM’s history, the company hopes to gain on competitors in cloud computing, where users […]

US: IBM finalizes Red Hat acquisition

As it looks to bolster its cloud computing business, International Business Machines Corp. (IBM) has closed its $34 billion acquisition of Red Hat Inc. IBM had agreed to purchase the software company in October, which marks the largest acquisition in the company’s history of over 100 years, Reuters reported. Jim Whitehurst, the CEO of Red […]

EU: IBM gains approval for US$34B Red Hat deal

EU: IBM gains approval for US$34B Red Hat deal

US tech giant International Business Machines on Thursday, June 27, won unconditional EU antitrust approval for its US$34 billion acquisition of software company Red Hat. IBM is looking to the deal, its biggest to date, to expand its subscription-based software offerings to counter falling software sales and declining demand for mainframe servers. The European Commission […]