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IBM to Buy Red Hat, the Top Linux Distributor, for $34 Billion
October 28, 2018 /
IBM is making a big move to bring more software developers under its corporate wing by acquiring Red Hat, the largest distributor of the popular open source operating system Linux, for $34 billion.
The purchase, announced on Sunday afternoon, is the latest competitive step among large business software companies to gain an edge in the fast-growing market for Internet-style cloud computing.
By Steve Lohr
MATR Supporters (view all)
Posted in: Regional Business News
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