Day: October 29, 2018

IBM to Buy Red Hat for $34 Billion, Its Biggest Acquisition to Date

IBM Corp said on Sunday it had agreed to acquire US software company Red Hat for $34 billion (roughly Rs. 2.5 lakh crores), including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services. The transaction is by far IBM’s biggest acquisition. It underscores IBM Chief Executive