We’ve known it was coming since late last year, but now it’s final: IBM has wrapped up its $34B acquisition of Red Hat, completing what is one of the largest tech acquisitions of all time.
IBM originally announced its intent to acquire the Linux developer in October of last year. The US Department of Justice gave its stamp of approval in May, and the last big potential roadblock was removed when the EU gave its unconditional approval at the end of June.
IBM says that Red Hat will stay under the watch of CEO Jim Whitehurst, with Whitehurst joining IBM’s senior management and reporting directly to IBM CEO Ginni Rometty.
Written by Greg Kumparak
This news first appeared on https://techcrunch.com/2019/07/09/ibm-closes-red-hat-acquisition-for-34-billion/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “IBM closes Red Hat acquisition for $34 billion”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
