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.)
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