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Cloud computing, in which services are delivered over the internet from remote computers, accounted for nearly a quarter of IBMs total revenue over the past year. (Photo: AP)

IBM's USD 34B Red Hat deal is risky bid to boost cloud business

The USD 34 billion stock deal translates to USD 190 per Red Hat share a 63 percent premium to the closing price.

30 Oct 2018 4:46 AM

The breakup fee for the deal, which would be among the largest on record in the tech sector, has yet to be announced and a high fee would also deter Red Hat from entertaining other buyers.

Red Hat jumps, IBM shares dip on cloud mega-merger

At USD 172, shares of Red Hat were still trading around USD 18 short of the USD 190 price agreed by the two companies.

30 Oct 2018 3:21 AM

IBM has reported that the active number of participants in its 401(k) pension plan fell to 84,350 last year

IBM to acquire software company Red Hat for USD 34 billion

Founded in 1993, Red Hat specializes in Linux operating systems, the most popular type of open-source software.

30 Oct 2018 2:51 AM

A DMV spokesperson said the company had registered three 2015 Lexus RX450h SUVs to be driven by six Apple employees with expertise in autonomous vehicles. (Photo: Bloomberg)

Ex-Bosch engineers aim to strengthen self-driving car software

Apex.AI plans to start releasing its software next year.

16 Nov 2018 4:50 AM

IBM has reported that the active number of participants in its 401(k) pension plan fell to 84,350 last year

IBM gains unconditional EU approval for USD 34 billion Red Hat deal

IBM is looking to the deal, its biggest to date, to expand its subscription-based software offerings to counter falling...

28 Jun 2019 3:47 AM

IBM has reported that the active number of participants in its 401(k) pension plan fell to 84,350 last year

IBM seals USD 34 billion deal to buy Red Hat to boost cloud business

Red Hat specializes in Linux operating systems, the most popular type of open-source software.

10 July 2019 7:08 AM

A cloud-based telecom network is considered more efficient and flexible in delivering services specially new applications at large scale in less time with reduced capital and operational expenditure. (Photo | Wikimedia

Airtel partners with IBM, Red Hat to build open cloud network for 5G...

Airtel will build its next generation core network, analytical tools and new consumer and enterprise services on this...

11 May 2020 3:28 PM

IBM has reported that the active number of participants in its 401(k) pension plan fell to 84,350 last year

IBM to sell some of its software products to HCL for $1.8 billion

IBM is also in the process of buying US software company Red Hat Inc.

7 Dec 2018 7:31 AM

Microsoft said it was working with AMD to resolve the issues.

Red Hat and Microsoft collaborate to offer OpenShift in the public...

Microsoft and Red Hat expand partnership around hybrid cloud, container management and developer productivity.

10 May 2018 3:08 AM

Cyber Hack. (Representational Image/AP)

Red Hat extends strategic alliance to access AWS services

The unique offering will make AWS services accessible directly within Red Hat OpenShift Container Platform

21 May 2017 2:07 PM