IBM is about to acquire Red Hat



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reThe computer giant, IBM, announced the acquisition of the software maker Red Hat. IBM offers $ 190 per share in cash and values ​​Red Hat at $ 34 billion. This was announced by both companies.

On Friday, Red Hat shares accounted for $ 116.68 of trade, so the premium is almost two-thirds. Previously, the Bloomberg news agency had reported acquisition intentions.

"The acquisition of Red Hat is changing the game," said Ginni Rometty, head of IBM. "IBM will become the world's leading hybrid cloud provider." In the cloud sector, the software is provided by the manufacturer on the Internet and is not found on customers' computers like the software of purchase.

The cloud sector is experiencing strong growth in many IT companies. However, the profit margins are lower than those of the purchasing software. In addition, not only are conventional companies in the industry competing, but companies from other sectors, such as Amazon, also play a major role.

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