Yesterday’s $34 billion deal for IBM Corp. to buy Red Hat Inc. was the largest software acquisition in history, even larger than Microsoft Corp.’s deals to buy LinkedIn for $26.2 billion or GitHub for $7.5 billion. And among technology deals overall, it trailed only Dell Inc.’s $67 billion acquisition of EMC and Avago Technologies Ltd.’s $37 billion purchase of Broadcom Inc.
Here’s the TL/DR on the deal: Does this change cloud? Yes for IBM, no for the market as a whole. Does 107-year-old IBM get new life? Perhaps.
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