A logo of Red Hat Inc. sits on an Apple iPhone smartphone near offices of International Business Machines Corp. (IBM) in this arranged photo in London, U.K. (Photographer: Chris J. Ratcliffe/Bloomberg)

IBM Closes $34 Billion Red Hat Acquisition in Cloud Catch-Up

(Bloomberg) -- IBM closed its $34 billion purchase of Red Hat, sealing the world’s second-largest technology deal ever and setting up the iconic U.S. company on a path to try to compete with top so...

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