Acquisition of IBM and Red Hat

IBM to acquire Red Hat, completely changing the cloud landscape and becoming Worlds #1 hybrid Cloud provider

Most significant tech acquisition of 2018 will unlock true value of cloud for business.

IBM (NYSE:IBM) and Red Hat (NYSE:RHT), the world’s leading provider of open source cloud software, announced today that the companies have reached a definitive agreement under which IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion.

"Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open source as the basis for digital transformation and bring Red Hat to an even wider audience – all while preserving our unique culture and unwavering commitment to open source innovation," as said Jim Whitehurst, president and CEO, Red Hat.

More info available here.

color contrast
text size
highlighting content
zoom in