Ibm To Acquire Red Hat For 34 Billion
This will be IBM’s biggest acquisition so far and it is a part of CEO Ginni Rometty’s efforts to widen the company’s software offerings that are subscription based. The need for doing this arises out of the drop in software sales of the company and the diminishing demand for mainframe servers. IBM has a market capitalisation of $114 billion and for acquiring Red Hat, the company will be paying $190 per share in cash....