IBM Purchases Software Company Red Hat for $34 Billion
- 6 years ago
IBM Purchases Software Company
Red Hat for $34 Billion The massive deal is expected to be finalized in the second half of 2019. Both companies have called it the "most significant tech acquisition
of 2018." It is IBM's largest deal ever and the third-biggest in U.S. tech history. IBM Chief Ginni Rometty, via statement With its purchase, IBM can begin
providing technology to its
biggest competitors. These include Amazon, Microsoft and Google. Red Hat has partnerships with all of these tech giants, and IBM has said it will work to expand on them.
Red Hat for $34 Billion The massive deal is expected to be finalized in the second half of 2019. Both companies have called it the "most significant tech acquisition
of 2018." It is IBM's largest deal ever and the third-biggest in U.S. tech history. IBM Chief Ginni Rometty, via statement With its purchase, IBM can begin
providing technology to its
biggest competitors. These include Amazon, Microsoft and Google. Red Hat has partnerships with all of these tech giants, and IBM has said it will work to expand on them.