Microsoft Corp MSFT:NASDAQ

Last Price$151.70NASDAQ Previous Close - Last Trade as of 4:00PM ET 12/11/19

Today's Change+0.57(0.38%)
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Day Low / High$150.33 - 151.87
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Market Chatter: IBM Said to Secure EU Approval for $34 Bln Red Hat Purchase

5:44AM ET 6/20/2019 MT Newswires
International Business Machines (IBM) is set to secure the European Union's unconditional approval of its proposed $34 billion acquisition of software company Red Hat (RHT), Reuters reported Thursday, citing people familiar with the matter.

The European Commission is scheduled to decide on the deal by June 27. US regulators already approved the deal in May without demanding concessions.

The Red Hat acquisition would allow IBM to expand its subscription-based software offerings and help it catch up with Amazon (AMZN), Alphabet (GOOGL) and Microsoft (MSFT) in the cloud computing business, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 137.08, Change: +0.70, Percent Change: +0.51