IBM’s record offer for Red Hat leaves analysts doubtful, but still speculating on bidding war
October 29, 2018 at 14:13 PM EDT
Red Hat Inc.’s stock soared Monday after International Business Machines Corp. said late Sunday it would pay a premium of more than 60% for the open-source software company to boost its hybrid-cloud offering, but even with the high price more than a few analysts speculated that a bidding war may be in the works.
