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Tag Archives: Ginni Rometty

IBM Strikes $34B Deal for Red Hat; Ginni Rometty, Jim Whitehurst Quoted

IBM has agreed to acquire Red Hat for approximately $34B in a move both companies expect to create a global hybrid cloud provider. IBM said Sunday it will pay $190M in cash for each share of Red Hat under the deal that is expected to conclude in the latter half of next year, subject to approvals by Red Hat shareholders and regulators.

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