In one of the biggest U.S. tech acquisitions, IBM announced it is acquiring open-source software company Red Hat in a $34 billion all-cash deal, ABC Action News reports. While the move still requires approval from shareholders and regulators, it is expected to finalize in the second half of 2019. IBM has said the move will allow the company to focus on helping businesses use multiple clouds at once. The company has plans to continue Red Hat’s existing partnerships, which includes Amazon, Microsoft and Google, but that it will build on them.
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