IBM Said to Be Set to Win Unconditional EU Okay for $34-Billion Red Hat Deal

IBM is seeking to expand its subscription-based software offerings via the deal.

Advertisement
By Reuters | Updated: 20 June 2019 13:06 IST

US tech giant International Business Machines is set to secure unconditional EU approval for its $34 billion bid for software company Red Hat, people familiar with the matter said on Wednesday.

IBM is seeking to expand its subscription-based software offerings via the deal, its biggest to date, to counter slowing software sales and waning demand for mainframe servers.

It would also help it catch up with Amazon, Alphabet, and Microsoft in the fast growing cloud computing business.

Advertisement

The European Commission, which is scheduled to decide on the deal by June 27, and IBM declined to comment.

Advertisement

Founded in 1993, Red Hat specialises in Linux operating systems, the most popular type of open-source software and an alternative to proprietary software made by Microsoft.

US regulatory authorities gave the green light to the deal last month without demanding concessions.

Advertisement

 

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: IBM, EU, Red Hat
Advertisement

Related Stories

Popular Mobile Brands
  1. OnePlus 15R Confirmed to Come With 32-Megapixel Selfie Camera
  2. Apple Finally Releases iOS 26.2 Update for iPhone With These Features
  3. Supernatural Thriller Jatadhara Now Streaming on OTT: All the Details
  1. Kepler and TESS Discoveries Help Astronomers Confirm Over 6,000 Exoplanets Orbiting Other Stars
  2. Supernatural Thriller Jatadhara Arrives on OTT: Where to Watch Sonakashi Sinha-Starrer Film Online?
  3. OnePlus 15R Confirmed to Come With 32-Megapixel Selfie Camera, 4K Video Recording Support
  4. Rocket Lab Clears Final Tests for New 'Hungry Hippo' Fairing on Neutron Rocket
  5. Apple Rolls Out iOS 26.2 Update for iPhone With Liquid Glass Customisation, Changes to Apple Music, and More
  6. Aaromaley Now Streaming on JioHotstar: Everything You Need to Know About This Tamil Romantic-Comedy
  7. Astronomers Observe Star’s Wobbling Orbit, Confirming Einstein’s Frame-Dragging
  8. Galaxy Collisions Found to Activate Supermassive Black Holes, Euclid Data Shows
  9. JWST Detects Oldest Supernova Ever Seen, Linked to GRB 250314A
  10. Chandra’s New X-Ray Mapping Exposes the Invisible Engines Powering Galaxy Clusters
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.