HomeEverythingEducation
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

IBM acquires Red Hat for $34 billion

Created at 2 Jun · 12:20 PM1 source↑ Market-relevant
IN SHORT

IBM has announced its acquisition of Red Hat for $34 billion, a strategic move to enhance its position in cloud computing.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

$34 billionacquisition value

Who's Involved

IBM
Acquiring company in cloud computing space
Red Hat
Company acquired by IBM
IBM acquires Red Hat for $34 billion

↳ Why This Matters

This acquisition represents a major consolidation in the cloud computing market, with IBM making a significant investment to bolster its hybrid cloud strategy.

Key facts

  • IBM has acquired Red Hat.
  • The acquisition is valued at $34 billion.
  • This acquisition strengthens IBM's position in cloud computing.

IBM has announced its acquisition of Red Hat, a deal valued at $34 billion. This strategic move is aimed at significantly enhancing IBM's capabilities and market presence within the rapidly growing cloud computing sector.

Frequently asked questions

The acquisition is valued at $34 billion.

The acquisition is a significant move for IBM to strengthen its position in the cloud computing space.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

2 Jun · 12:10 PM
IBM announced its acquisition of Red Hat for $34 billion, a significant move into cloud computing.
@WallStJesus via PiQSuite

Sources

T1
$IBM https://t.co/38C2lAmv5P@WallStJesus via PiQSuite

Related Stories

Steadfast exclusivity period extended as US consortium reaffirms $5.3 billion bid
9 Jul · 12:19 AM
Dream Finders Homes raises Beazer Homes bid to $32, standstill terms become key
8 Jul · 9:55 PM
Blue Origin seeks $10B in first outside funding round
8 Jul · 12:16 PM
Synergy One Lending to acquire Newrez's distributed retail mortgage operations
8 Jul · 9:05 PM
Prologis urges Segro shareholders to accept £12.6bn takeover bid
9 Jul · 7:50 AM