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IBM Completes Red Hat Purchase of $ 34 Billion

The IBM completed on Tuesday (9) the acquisition of open source software maker Red Hat in the cloud for $ 34 billion, which is the largest operation of the company’s history.

In the acquisition operation, IBM paid $ 190 for each Red Hat share.

The company said that Red Hat will now be integrated as an independent unit in the IBM Hybrid Cloud division.

The company hopes to improve its position in the cloud computing industry, a market considered strategic by the company and which has become one of its main sources of growth, although it remains far behind the giants of Amazon’s Amazon Web Services , and Microsoft’s Azure.

The announcement ends a lawsuit that began in October when IBM CEO Ginni Rometty promised that the company “would become the number 1 hybrid cloud computing provider in the world, giving companies the only open cloud computing solution that will unlock the whole value of the cloud to your business. “

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