acquisition, cloud computing, ibm, red hat

IBM Is Buying Red Hat for a Whopping $34 Billion

IBM has announced that it will be acquiring Red Hat for a massive US$34 billion. While investing such a large amount of money in a company that basically provides software for free looks strange, Red Hat generates about US$3 billion in revenues every year from the businesses that seek its support. The acquisition of Red ...

Nspirement Staff