IBM closes Red Hat deal for $34 billion


IBM has officially gobbled up Red Hat for $34 billion, a technology acquisition considered one of the largest in history. 

Big Blue announced it planned to acquire the Linux developer last October. More recently, the U.S. Department of Justice approved the acquisition in May, and the EU gave its approval at the end of June, removing the last big roadblock. 

Red Hat will continue to be led by Jim Whitehurst and its current management team. Whitehurst is joining IBM’s senior management team, reporting to IBM chairman and CEO Ginni Rometty.

Together, IBM and Red Hat will deliver what IBM said is “next-generation hybrid multi cloud” platform, a move that will “redefine the cloud market for business.” 

Red Hat’s open hybrid cloud technologies will now be paired with the scale and depth of IBM’s innovation and industry expertise, and sales leadership in more than 175 countries, IBM said. 

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