EU antitrust regulators will decide by June 27 whether to clear U.S. tech giant International Business Machines Corp’s $34 billion bid for software company Red Hat.
EU antitrust regulators will decide by June 27 whether to clear U.S. tech giant International Business Machines Corp’s $34 billion bid for software company Red Hat.
Founded in 1993, Red Hat specializes in Linux operating systems, the most popular type of open-source software, an alternative to proprietary software made by Microsoft Corp.
The EU competition enforcer can either clear the deal with or without conditions or it can open a full-scale investigation.
U.S. regulatory authorities approved the deal without demanding concessions earlier this month.
Source: Reuters.com