234 billion! IBM officially completed the acquisition of Red Hat

2020-08-02 18:00:06 0 Comment 1733 views
abstract

The blue giant IBM officially announced that it has officially completed the acquisition of Red Hat at a cost of $34 billion. After the announcement,

The blue giant IBM officially announced that it has officially completed the acquisition of Red Hat (Red Hat) at a cost of US$34 billion (approximately RMB 234 billion).

After the news was announced, IBM's stock price was stable before the market and did not fluctuate, while Red Hat still suspended trading.

In October 2018, IBM announced that it would acquire 100% of Red Hat’s shares at a price of US$190 per share, and all of them will be paid in cash, which is a 63% premium to Red Hat’s stock price at the time. .

This is the largest acquisition in IBM’s history, and it can also be ranked in the forefront of the entire technology industry, ranked third in US history, second only to 2016 Dell acquired EMC and JDS in 2000 for $67 billionUniphase acquired SDL (excluding AOL and Time Warner) for $41 billion.

According to the acquisition agreement, Red Hat will be merged into the IBM hybrid cloud department, and Red Hat CEO Jim Whitehurst will join the IBM executive team and report directly to IBM CEO Ginni Rometty (Rui Lan Luo).

IBM said that the acquisition of Red Hat will make it a leader in the multi-cloud and hybrid cloud market, breaking the pattern and changing everything in the cloud market.

Cloud business is one of IBM’s four core pillar businesses, and the other three are social, mobile, and analytical tools.

234 billion! IBM officially completed the acquisition of Red Hat
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