On October 28th, 2018 both Red Hat and IBM, in different press releases, announced that “IBM would acquire Red Hat to change the cloud landscape and to become world’s #1 hybrid cloud provider”. On July 9th, 2019 Red Hat announced that they closed the landmark acquisition by IBM. Briefly, IBM will acquire all of the issued and outstanding common shares of Red Hat for $190,00 per share in cash, representing a total enterprise value of approximately $34 billion.

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