Home >> News >> IT’S OFFICIAL: IBM is acquiring software company Red Hat for $34 billion

IT’S OFFICIAL: IBM is acquiring software company Red Hat for $34 billion

IBM has struck a deal to acquire Red Hat for $34 billion. IBM will pay $190 per share for the software company, a more than 60% premium to Red Hat’s closing stock price on Friday. IBM will remain committed to Red Hat’s open governance, open source contributions, participation in the open source community and development model, and fostering its widespread developer ecosystem.

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