- After getting the green light from U.S. regulatory authorities last month, IBM (NYSE:IBM) is expected to win unconditional EU approval today for its largest ever takeover, a $33B bid for open-source provider Red Hat (NYSE:RHT).
- The deal would expand the firm's subscription-based software offerings to counter slowing software sales and waning demand for mainframe servers.
- It would also help IBM catch up with Amazon, Alphabet and Microsoft in the fast growing cloud computing business.