Tuesday, October 30, 2018

IBM to buy Red Hat for 63% premium in big play for the cloud - MarketWatch


MarketWatch

IBM to buy Red Hat for 63% premium in big play for the cloud
MarketWatch
IBM IBM, -1.31% said Red Hat RHT, -3.19% agreed to be acquired for $190 a share in cash in a deal with an enterprise value of about $34 billion. Red Hat shares closed down 3.2% at $116.68 on Friday, were down 0.7% in Friday's after-hours trading, and ...