IBM is reportedly nearing a deal to acquire Red Hat, the software company valued at $20 billion

Joe Scarnici/Stringer

IBM is in talks to acquire Red Hat, the open source enterprise software company, according to Bloomberg.

It's unclear how much the deal is worth, though a source tells Business Insider that it's in the tens of billions of dollars. Red Hat, which is publicly traded, has a market cap of $20.5 billion.

This is a developing story...

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https://www.businessinsider.in/ibm-is-reportedly-nearing-a-deal-to-acquire-red-hat-the-software-company-valued-at-20-billion/articleshow/66406686.cms

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