Acquisition

IBM pays $34 billion for Red Hat

By |2018-10-29T22:07:07+00:0029 October 2018|Acquisition, Analysis, Cloud, Vendor Analysis|

IBM has agreed to pay $34 billion for leading Linux vendor Red Hat. The sum is 70% above the current market cap for Red Hat which, as of Sunday, was just $20.53bn. This is also the biggest acquisition in the history of IBM by a significant margin. The previous record was $5bn for Cognos in 2008. Last [...]