The cloud computing landscape may look much different to enterprise users following the announcement earlier this week of IBM’s agreement to acquire Red Hat. IBM plans to purchase Red Hat, a major provider of open source cloud software, for $34 billion. IBM will acquire all of the issued and outstanding common shares of Red Hat for $190 per share in cash, under terms of the deal. That stock purchase represents a total enterprise value of approximately $34 billion. Red Hat will join IBM’s Hybrid Cloud team as a distinct unit.
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$34B Red Hat Acquisition Is a Bolt Out of Big Blue
Posted by: Jack M. Germain October 31, 2018 05:00 AMThe cloud computing landscape may look much different to enterprise users following the announcement earlier this week of IBM’s agreement to acquire Red Hat. IBM plans to purchase Red Hat, a major provider of open source cloud software, for $34 billion. IBM will acquire all of the issued and outstanding common shares of Red Hat for $190 per share in cash, under terms of the deal. That stock purchase represents a total enterprise value of approximately $34 billion. Red Hat will join IBM’s Hybrid Cloud team as a distinct unit.