IBM was losing the cloud wars — here’s why Wall Street thinks its $34 billion Red Hat acquisition will change that (IBM, RHT)
|10/29/2018||Posted by BusinessMediaguide.Com under General World News||
- 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.