IBM

The United Kingdom’s Competition and Markets Authority (CMA) has launched an inquiry into International Business Machines’ (IBM) proposed $6.4 billion acquisition of HashiCorp, raising questions about the deal’s potential impact...

HashiCorp announced on Tuesday that the UK’s Competition and Markets Authority (CMA) has initiated a phase one review of its merger with International Business Machines (IBM), according to Reuters. This comes after...

IBM is nearing a deal to acquire software company Apptio for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. A deal between the companies could be completed over the weekend, the Journal reported, adding that it was unclear whether the purchase price includes debt. Related: IBM & […]

IBM and Adobe are expanding their partnership to help brands create content with artificial intelligence (AI). The collaboration, announced Monday (June 19), will see IBM Consulting debut a portfolio of Adobe consulting services to help customers “navigate the complex generative AI landscape, bringing together innovation, technology and design to digitally reinvent customer interactions,” IBM said in a news release.  According […]

Xinuos sued International Business Machines Corp in Virgin Islands federal court on Wednesday, alleging IBM stole source code related to its server operating system software and used it to improve its competing product and corner the market. According to Reuters, in addition to its copyright infringement claim about the source code, Xinuos says IBM violated […]

International Business Machines closed its roughly $34 billion acquisition of open-source software company Red Hat, the company said, a deal for the 108-year-old tech giant that will help define Chief Executive Ginni Rometty’s legacy. With Red Hat, the most expensive deal in IBM’s history, the company hopes to gain on competitors in cloud computing, where users […]

As it looks to bolster its cloud computing business, International Business Machines Corp. (IBM) has closed its $34 billion acquisition of Red Hat Inc. IBM had agreed to purchase the software company in October, which marks the largest acquisition in the company’s history of over 100 years, Reuters reported. Jim Whitehurst, the CEO of Red […]

US tech giant International Business Machines on Thursday, June 27, won unconditional EU antitrust approval for its US$34 billion acquisition of software company Red Hat. IBM is looking to the deal, its biggest to date, to expand its subscription-based software offerings to counter falling software sales and declining demand for mainframe servers. The European Commission […]