- Acquisition positions IBM as the leading hybrid cloud provider and accelerates IBM's high-value business model, extending Red Hat's open source innovation to a broader range of clients
- IBM preserves Red Hat's independence and neutrality; Red Hat will strengthen its existing partnerships to give customers freedom, choice and flexibility
- Red Hat's unwavering commitment to open source remains unchanged
- Together, IBM and Red Hat will deliver next-generation hybrid multicloud platform
IBM and Red Hat announced today that they have closed the transaction under which IBM acquired all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total equity value of approximately $34 billion.