In an unexpected deal, IBM has agreed to purchase Linux Distributor Red Hat Inc for $33.4 billion. The deal is a 63% premium over the company's current valuation. The purchase is designed to bolster IBM's floundering cloud business. "The acquisition of Red Hat is a game-changer. It changes everything about the cloud market," said Ginni Rometty, IBM's […]
Read More: IBM purchase Redhat for $33.4 billion
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