Finance
IBM is reportedly nearing a deal to acquire Red Hat, the software company valued at $20 billion
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.
This is a developing story…
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IBM stock price here.
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