IBM acquired American software company Red Hat Inc

International Business Machines Corp acquired a software company Red Hat Inc in $34 billion for ramp up its cloud computing business. This is company’s biggest acquisition in its more than 100-year.

Static/Current Takeaways Important For EPFO/LIC ADO Main:

  • Founder of IBM: Charles Ranlett Flint; Established in: June 16, 1911.

Source: The Times of India

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