IBM buys software company Red Hat for $34b in bid for cloud dominance
World BusinessOct 29, 2018
WASHINGTON (AFP) -- IBM said Sunday it has reached a deal to buy open source software company Red Hat for $34 billion, among the biggest tech mergers in history which the computing giant said would enhance its cloud offerings.If approved it will be the third biggest tech merger in history, according to business news site CNBC. Red Hat said it was the biggest involving a software company.The deal will see IBM acquire all of the issued and outstanding common shares of Red Hat for $190 per share in