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EU: Commission to clear $34B IBM, Red Hat deal with conditions—sources

By  |  June 19, 2019

U.S. tech giant International Business Machines Corp 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.

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    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.

    Full Content: Reuters

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