Active Members MrGrj Posted October 29, 2018 Active Members Report Posted October 29, 2018 IBM has struck a deal to acquire cloud software company Red Hat for $34 billion. IBM will pay $190 per share for the software company, which it described as the world's leading provider of open source cloud software, a more than 60% premium to Red Hat's closing stock price of $116.68 on Friday. Shares traded upwards of $175 in June, butdisappointing earnings combined with a volatile market had seen the price drop sharply. More here: https://www.businessinsider.com/ibm-is-reportedly-nearing-a-deal-to-acquire-redhat-the-software-company-valued-at-20-billion-2018-10 1 3 Quote
