By Matthew Kazin Published October 28, 2018 Technology FOXBusiness Facebook Twitter Comments Print article The logo for IBM is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren – RC14185AA8E0 ( Reuters ) IBM announced on Sunday it will acquire software company Red Hat in an approximately $34 billion deal. Continue Reading Below Under the deal, IBM will acquire all of the issued and outstanding common shares of Red Hat for $190 per share in cash. “The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” said IBM CEO Ginni Rometty. “IBM will become the world’s #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses.” This is a developing story. Please check back for updates.
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