Shareholders of Red Hat have approved the sale of IBM for $34 billion


Red Hat announced that shareholders had voted to sell the company to IBM, the IT giant, for $34 billion. The sale of the company was approved by the holders of 141 million shares of Red Hat, owners of more than 181 thousand shares voted against. The Red Hat deal will be the largest in the century-long history of IBM and will propel the company into the top of cloud providers alongside Amazon and Microsoft. IBM will pay $190 for each share of the company, which is 60% higher than the value of the shares announced at the last session on the eve of the transaction. Closure of the deal will make Red Hat an independent unit within the IBM Hybrid Cloud. It is expected that the company will be able to maintain its own strategy and develop services with open source.

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