IBM to buy Red Hat for $34B in cash and debt, taking a bigger leap into hybrid cloud

After rumours flew around this weekend, IBM today confirmed that it would acquire open source, cloud software business Red Hat for $190 per share in cash, working out to a total value of $34 billion. IBM said the deal has already been approved by the boards of directors of both IBM and Red Hat but is […] https://ift.tt/2qgJ77J Ingrid Lunden October 28, 2018 at 03:00PM