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IBM to Acquire Linux Distributor Red Hat for $33.4 Billion [bloomberg.com]
The Red Hat purchase will give IBM an immediate cloud revenue boost growth as well as a suite of proven software products to sell through its global sales force.
“We will scale what Red Hat has deeply into many more enterprises than they’re able to get to,” Rometty said in a phone interview.
Revenue at Red Hat, which sells software and services based on the open source Linux operating system, is expected to top $3 billion for the first time this year as the company’s Red Hat Enterprise Linux product attracts business from large customers.