
Brazil’s Administrative Council for Economic Defence (CADE) has issued a BRL 57 million (US$13.9 million) fine on IBM for completing the purchase of Red Hat before approval by the country’s antitrust agency Cade, reported Valor Economico. The value, based on an agreement with the company, was very close to the maximum penalty applicable, which is BRL 60 million (US$14.6 million).
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