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IBM Closes Red Hat Acquisition Pledging to Keep Enterprise Software Separate

IBM announced on July 9 that it had formally closed its’ largest acquisition ever, picking up enterprise Linux vendor Red Hat in a deal valued at $34 billion.

With the deal now done, questions about how IBM will handle Red Hat’s enterprise application software portfolio and direction moving forward can now be officially answered. In a press conference, Arvind Krishna, SVP, Cloud and Cognitive Software at IBM and Paul Cormier, President Products and Technologies at Red Hat were peppered with questions about what will happen now.