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IBM buys Red Hat for $33 billion

IBM покупает Red Hat за $33 млрдThe world’s largest provider of computer services buys over $ 33 billion a developer of cloud technology Red Hat.

American International Business Machines Corporation (IBM) agreed to acquire software developer Red Hat for about $33 billion this is stated in the press release of the company.

The deal will be the largest purchase in the history of IBM.

The company will pay $190 per share of Red Hat, which represents a premium of 63% to the price at the close of trading on Friday ($116,68). IBM plans to Finance the transaction through available cash and debt.

The deal, which was approved by the boards of Directors of both companies, is scheduled for completion in the second half of 2019.

“This is a turning point,” said the CEO of IBM Ginny, Rometty. According to her, this transaction will transform the company into a world leader of hybrid cloud technology.

Capitalization of IBM over the last year decreased by 19% and is about $114 billion during the pre-trading on Monday the company’s stock prices falling 6%.

IBM revenue in 2018 will be $79,75 billion, adjusted profit of us $13.8 per share, predicts S&P Global Market Intelligence.

In 2017, the net profit of IBM fell 2.1 times, reaching 5.75 billion.

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