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IBM was losing the cloud wars — here’s why Wall Street thinks its $34 billion Red Hat acquisition will change that (IBM, RHT)





Ginny Rommety Sun Valley

  • IBM’s plan to acquire Red Hat for $34 billion has gone over well with Wall Street analysts, who see the deal as a game changer for the cloud landscape.
  • In notes published Monday, many analysts expressed certainty that Red Hat will turn IBM into a leader in the hybrid cloud space, even though Amazon Web Services and Microsoft Azure are the current kings of cloud.
  • But there is one caveat: The two companies are so large that it might take a while to see the benefits of their merger.

IBM’s announcement Sunday that it plans to acquire Red Hat for $34 read more >>>

Source:: BusinessInsider.Com

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