IBM CEO: Red Hat deal is a 'game-changer' that will grow cash flow and gross margins in first year
https://www.cnbc.com/2018/10/29/ibm-ceo-red-hat-is-a-game-changer-makes-us-no-1-in-hybrid-cloud.html
IBM's roughly $34 billion deal to buy open-source software provider Red Hat — the third-largest technology deal in U.S. history — will create enormous value for Big Blue, IBM Chairman, President and CEO Ginni Rometty told CNBC on Monday.
In a joint interview with Red Hat President and CEO Jim Whitehurst, whose company works with enterprises to develop cloud-based applications and solutions, Rometty said the deal isn't just about the 4 percent revenue boost Red Hat's business provides.