IBM is reportedly nearing a deal to acquire Red Hat, the software company valued at $20 billion

0
776
Joe Scarnici/Stringer

IBM is in talks to acquire Red Hat, the open source enterprise software company, according to Bloomberg.

It’s unclear how much the deal is worth, though a source tells Business Insider that it’s in the tens of billions of dollars. Red Hat, which is publicly traded, has a market cap of $20.5 billion.

Get the latest IBM stock price here.

Source: Business Insider

To Read Our Daily News Updates, Please Visit Inventiva Or Subscribe Our Newsletter & Push.

READ  7 crucial things you should know before starting 'Red Dead Redemption 2'

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.