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Ginni Rometty, ibm, Red Hat, Open Source Technology For SMEs

IBM to Acquire Red Hat for $ 34 Billion

IBM (NYSE:IBM) and Red Hat (NYSE:RHT), the world’s leading provider of open source cloud software, announced that the companies have reached a definitive agreement under which IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion.

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