Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

BREAKING NEWS

BREAKING NEWS

EU regulators to decide on IBM's $34 billion Red Hat bid by June 27

Text size Aa Aa

BRUSSELS (Reuters) - EU antitrust regulators will decide by June 27 whether to clear U.S. tech giant International Business Machines Corp's $34 billion (£26.8 billion) bid for software company Red Hat.

The deal, IBM's biggest, will help the company expand into subscription-based software offerings. IBM said on Tuesday it had sought EU approval the previous day. The European Commission confirmed the request.

Founded in 1993, Red Hat specialises in Linux operating systems, the most popular type of open-source software, an alternative to proprietary software made by Microsoft Corp.

The EU competition enforcer can either clear the deal with or without conditions or it can open a full-scale investigation.

U.S. regulatory authorities approved the deal without demanding concessions earlier this month.

(Reporting by Foo Yun Chee; editing by David Evans)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.