IBM acquires cloud software provider Red Hat for $34B: 5 notes

Becker's Healthcare July 9, 2019
Jackie Drees

IBM announced July 9 that it closed its $34 billion acquisition of Red Hat, an open-source cloud software vendor.

Five notes:

1. Through the acquisition, IBM and Red Hat will offer a hybrid, open-source platform that will allow businesses to move their applications across multiple private and public clouds.

2. Red Hat will operate as a distinct unit within IBM’s cloud and cognitive software division.

3. IBM aims to preserve Red Hat’s neutrality...

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