Tech giant IBM will sell one of its remaining divisions and disappear into the company it acquired last year — open source firm Red Hat — the veteran technology scribe Robert X. Cringely says in his annual tech predictions.
IBM and Red Hat have announced they have closed the deal under which the former acquired the open source firm for approximately US$34 billion in an acquisition announced last October.
Tech services and hardware vendor IBM has acquired open source company Red Hat for a sum of about US$34 billion, the two companies announced on Sunday, US time.
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