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Reuters/CNET News: Red Hat Scoops Up JBoss

Apr 10, 2006, 12:45 (1 Talkback[s])

"Red Hat, a distributor of Linux software, said on Monday that it will acquire open-source middleware company JBoss for an initial $350 million.

"The transaction consists of 40 percent cash, with the balance in common stock, Red Hat said in a statement. The company said it will also pay about $70 million more, if certain performance metrics are achieved..."

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