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IBM to Buy Linux Distributor Red Hat for About $33.4 Billion 

IBM to Buy Linux Distributor Red Hat for About $33.4 Billion 

Allison Saunders

(Bloomberg) -- IBM also plans to suspend its share buyback program in 2020 and 2021.

  • Sees deal adding to free cash flow, gross margin within 12 months of closing
  • Plans to close deal through cash and debt combo
  • Deal has enterprise of $34b

Note: IBM Is Said to Near Deal to Acquire Software Maker Red Hat

©2018 Bloomberg L.P.

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