IBM has officially closed its $34 billion acquisition of Red Hat in one of the largest U.S. tech deals ever.
and EMC in 2016 and JDS Uniphase's $41 billion acquisition of optical-component supplier SDL in 2000.
Under the deal, Red Hat will now be a unit of IBM's Hybrid Cloud division, according to the original announcement. The companies said Red Hat's CEO Jim Whitehurst would join IBM's senior management team and report to CEO Ginni Rometty. IBM previously said it hopes its acquisition of Red Hat will help it do more work in the cloud, one of its four key growth drivers, which also include social, mobile and analytics. The company lags behind
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