IBM to acquire open-source software firm Red Hat for $34BSteven Musil / CNET - 1 year ago
  • IBM has agreed to acquire open-source software company Red Hat for $34 billion, the company announced Sunday.IBM hopes the acquisition will help it expand its position in the enterprise cloud computing market to better compete with the likes of Amazon, Google and Microsoft.
  • The Raleigh, N.C.-based software company will operate as a distinct unit within IBM’s Hybrid Cloud team.
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