In Major Acquisition, IBM Will Acquire Open-Source Software Company Red Hat
IBM will acquire Red Hat for $190 per share, in a deal worth approximately $34 billion. Both companies took pains to say the Red Hat ethos and commitment to open source would continue.
In what may be the most significant tech acquisition of the year, IBM says it will acquire open-source software company Red Hat for approximately $34 billion.
Under the terms of the deal announced Sunday, IBM will acquire Red of $116.68 on Friday.
