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Mon, Jul 22, 2019 | Last Updated 6:37 am IST

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IBM acquired all issued & outstanding common shares of Red Hat for $190

IBM acquired all issued & outstanding common shares of Red Hat for $190
IBM acquired all issued & outstanding common shares of Red Hat for $190
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Accordingly the 108 year old IBM on Tuesday announced it has closed the acquisition of Red Hat, the world's leading provider of enterprise open source software solutions a landmark move that positions IBM as the leading Hybrid Cloud provider and extend Red Hat's open source innovation to a broader range of clients.

IBM acquired all issued & outstanding common shares of Red Hat for $190

Meanwhile IBM has acquired all of the issued and outstanding common shares of Red Hat for $190 per share in cash, representing a total equity value of approximately $34 billion. Furthermore the acquisition redefines the cloud market for business was Red Hat's open hybrid cloud technologies are paired with IBM's innovation and industry expertise, and sales leadership in more than 175 countries. 



Reportedly IBM and Red Hat will accelerate innovation by offering a next-generation hybrid multi-cloud platform. Moreover based on open source technologies, such as Linux and Kubernetes, the platform will allow businesses to securely deploy, run and manage data and applications on-premises and on private and multiple public clouds. Perhaps Red Hat will continue to be led by Whitehurst and its current management team.


IBM acquired all issued & outstanding common shares of Red Hat for $190
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Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.