International Business Machines Corp. (IBM) said that it agreed to acquire all of the issued and outstanding common shares of Red Hat (RHT), a provider of open source cloud software, for $190.
Source: www.rttnews.com
International Business Machines Corp. (IBM) will acquire all of the issued and outstanding common shares of Red Hat (RHT) for US$190.00 per share in cash. This represents a total enterprise value of about US$34 billion. The deal is expected to close in latter half of 2019. RHT will join IBM’s Hybrid Cloud team as a distinct unit, preserving the independence and neutrality of Red Hat’s open source development heritage and commitment, current product portfolio and go-to-market strategy, and unique development culture.
