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IT

Brazil to vet IBM takeover of Red Hat again, EU gives approval

Friday 28 June 2019 | 13:44 CET | News
Brazil's Administrative Council for Economic Defense (Cade) revoked the decision taken by the General Superintendence of the body clearing the takeover of Red Hat by IBM, reports Valor Economico. The board members decided that the deal, valued at USD 34 billion, should be submitted to the board's plenary. Cade's president, Alexandre Barreto said that it will be necessary to evaluate the implications of IBM's increased market power after the transaction, which would result in vertical overlaps in the market. 

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Categories: IT
Companies: Red Hat
Countries: Brazil / Europe
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