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IBM set to make its largest deal ever

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IBM is preparing to make the largest acquisition in its history. The company is planning to buy one of the leaders of the cloud technology market, Red Hat Software. The software company will be sold for a record $34 billion. This purchase will be the most expensive for IBM, taking third place in the rankings of the costliest deals in the history of US tech companies. The IBM said that this deal would enable businesses to do even more work in the cloud market.

“The acquisition of Red Hat is a game-changer. It changes everything about the cloud market. IBM will become the world’s #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses,” said Ginni Rometty, IBM Chairman, President and Chief Executive Officer.

Having acquired Red Hat Software, IBM has every chance of success. Experts agree that this purchase will ensure the increase in the value of the company's shares. Even the news about the upcoming sale had a positive effect on the quotes, meaning the completion of the transaction will give a stronger impulse. Red Hat will become a unit of IBM's Hybrid Cloud division, with Red Hat CEO Jim Whitehurst joining IBM's senior management team.

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