IBM DONS THE RED HAT FOR $34 BN

The Big Blue has announced plans to acquire Red Hat, the largest vendor of open-source enterprise software, for $34 billion. It is one of the biggest deals in the U.S. tech history, underlining the pressure on IBM to adapt to a fast-changing IT sector. Red Hat's technology may help create an uber cloud, easing computer overload and ensuring faster, more efficient operations. The move will help IBM compete with the likes of Amazon and Microsoft in the cloud infrastructure business.