Markets

IBM is paying a ‘rich valuation’ for Red Hat

IBM announced Sunday that it has struck a deal to acquire the cloud-software company Red Hat for $US34 billion. IBM said it will pay $US190 a share in cash – a more than 60% premium above Red Hat’s closing price on Friday. The “rich valuation” will discourage anyone else to […]
IBM is paying a ‘rich valuation’ for Red Hat