IBM’s $34B Bid For Red Hat Subject To EU Regulator’s Approval

IBM has bid $34 billion for the software company Red Hat , but the deal is subject to approval by EU antitrust regulators, according to a report by Reuters . The antitrust body will make the decision by June 27. The U.S. regulatory body already cleared the deal earlier this month without concessions. The deal, which would be IBM’s biggest, is intended to help the company expand its footprint into subscription-based software. On Tuesday […]


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