![]() "The acquisition of Red Hat is a game-changer. The transaction is by far IBM's biggest to date and underscores chief executive Ginni Rometty's efforts to expand the company's subscription-based software offerings, as it faces slowing software sales and waning demand for its computers. ![]() Under the deal worth $34 billion (€29.8 billion), IBM agreed to acquire all of the issued and outstanding common shares of Red Hat for $190 per share in cash - more than $70 above the $116.68 at which Red Hat was trading at close of business Friday. ![]()
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