IBM TO ACQUIRE RED HAT

IBM TO ACQUIRE RED HAT

IBM TO ACQUIRE RED HAT

Ginni Rometty, Chairman, President, and CEO of IBM, at right, and James M. Whitehurst, CEO of Red Hat, left, 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...
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ARMONK, NY/FPSnewswire/October 28, 2018 -- Ginni Rometty, Chairman, President, and CEO of IBM, at right, and James M. Whitehurst, CEO of Red Hat, left, announced, Sunday, October 28, 2018, Armonk NY, 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. This acquisition brings together the best-in-class hybrid cloud providers and will enable companies to securely move all business applications to the cloud. (Feature Photo Service)

Photo Available via Feature Photo Service for IBM

Source: IBM
Website: https://www.IBM.com
Image Available: http://archive.featurephoto.com/id/ 00005292

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