IBM to acquire Red Hat for $34 billion

IBM Corp said on Sunday it had agreed to acquire US software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services. The transaction is by far IBM's biggest acquisition.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JlhLGc