Red Hat

IBM

IBM is expecting to create enormous value for Big Blue with its newly acquired software company Red Hat. In an interview with CNBC on Monday, IBM Chairman and CEO Ginni Rometty said that the acquisition of Red Hat in a deal valued at $34 billion is the third largest technology deal in the U.S. history. Red Hat President and CEO Jim Whitehurst also joined the interview, whose company specializes in the

Red Hat

In order to expand its consulting business and technology hardware to higher-margins products and services, IBM Corp has agreed to acquire American software company Red Hat for $34 billion, including debt. On Sunday, the two companies released a joint statement, revealing that IBM will pay $190 in cash for each share of Red Hat. As reported in Reuters, IBM has a market capitalization of $114 billion and new transaction is by