IBM today announced it would be acquiring iconic Linux firm Red Hat in a $34 billion all-cash deal. According to a joint statement issued by both companies, IBM will pay $190 for each share of Red Hat, with Big Blue intending to absorb its latest purchase into its Hybrid Cloud division. [NEWS] @IBM to acquire Red Hat and become the world's leading #hybridcloud provider. https://t.co/goihRICRr3 https://t.co/G8SKS5gsVk pic.twitter.com/GJL4UmBu1B — Red Hat, Inc. (@RedHat) October 28, 2018 This move is huge for IBM. After spending the past ten years delving into the worlds of artificial intelligence (via Watson) and blockchain with little…

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