IBM & Red Hat Combination Reported To Be In Line To Receive EU’s Clearance

By John Heerdink LinkedIn

Reportedly, EU antitrust regulators are set to approve IInternational Business Machines Corporation (IBM) $34 billion bid for Red Hat, a software company without demanding any concessions. Red Hat represents that is is the world’s leading provider of enterprise open source solutions, using a community-powered approach to deliver high-performing Linux, cloud, container, and Kubernetes technologies. They further help companies standardize across environments, develop cloud-native applications, and integrate, automate, secure, and manage complex environments with award-winning support, training, and consulting services.

The combination has been widely reported that it is believed that it will diversify IBM’s subscription-based software offering and help boost software sales.

Dow 30 component International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. IBM announced recently two significant quantum processor upgrades for its IBM Q early-access commercial systems. These upgrades represent rapid advances in quantum hardware as IBM continues to drive progress across the entire quantum computing technology stack, with focus on systems, software, applications, and enablement. To learn more about International Business Machines Corp (IBM) and to track its ongoing progress please visit the Vista Partners IBM Coverage Page.

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june 18 (3)

EU to clear without conditions $34 bln IBM, Red Hat deal – sources

finance.yahoo.com

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