Raytheon and United Technologies announced earlier this week that they will merge, creating a behemoth American aeronautics and defense company. The new company, Raytheon Technologies Corporation, will be created via an exchange of shares between the two firms, with the merger expected to conclude in the first half of 2020, they said in a joint statement. […]
IBM Buys Software Company Red Hat for $34bn in Bid for Cloud Dominance
IBM said Sunday it has reached a deal to buy open source software company Red Hat for $34 billion, among the biggest tech mergers in history which the computing giant said would enhance its cloud offerings. If approved it will be the third biggest tech merger in history, according to business news site CNBC. Red […]