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IBM to Buy Red Hat, the Top Linux Distributor, for $34 Billion

October 28, 2018 /

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IBM is making a big move to bring more software developers under its corporate wing by acquiring Red Hat, the largest distributor of the popular open source operating system Linux, for $34 billion.

The purchase, announced on Sunday afternoon, is the latest competitive step among large business software companies to gain an edge in the fast-growing market for Internet-style cloud computing.

By Steve Lohr