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IBM to Acquire Red Hat for About $33 Billion

October 29, 2018 4:07 AM
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Tech giant’s aim is to boost a cloud-computing business central to CEO Rometty’s effort to revive the company

International Business Machines Corp. agreed to buy software-and-services company Red Hat Inc. for about $33 billion in its biggest acquisition ever, a deal aimed at helping IBM Chief Executive Ginni Rometty boost a cloud-computing business central to her efforts to revive the tech giant.

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