RESEARCH TRIANGLE PARK – Another major entity is preparing to endorse IBM’s $34 billion acquisition of Red Hat, according to a report.
This time it is Brazil, thus potentially joining the US Justice Department which has formally endorsed the deal.
Report: European Union regulators expected to OK IBM-Red Hat deal
The information about Brazil comes from the same mergers-and-acquisition firm, MLex Market Insight, that reported on Wednesday European Union regulators were prepared to endorse the deal.
The EU is expected to make a formal decision before June 27.
“Last week, MLex reported the deal hadn’t triggered any concerns with Brazilian antitrust regulators, and most local competitors had neutral opinions on the matter,” business news site SeekingAlpha reports.
“MLex says an approval without conditions could happen within the next two weeks.”
IBM’s Rometty: Red Hat will remain independent – ‘I don’t have a death wish’
Red Hat declines comment on the merger negotiations.
On Wednesday, an IBM spokesperson would say nothing other than IBM expects to receive regulatory approval for the deal in the latter half of this year.
The deal was announced last October.
IBM has said Red Hat will operate independently.
