IBM Buys Red Hat in Biggest-Ever Purchase

The video discusses IBM's acquisition of Red Hat, highlighting its significance in enhancing IBM's cloud presence. It compares this deal to past IBM acquisitions, noting it as the third largest tech deal in history. The impact on leadership is addressed, with IBM's CEO Ginny Rometty and Red Hat's CEO James Whitehurst maintaining their roles. The financing of the deal involves JP Morgan and Morgan Stanley, with a focus on its effect on IBM's capital structure.

What is the significance of the deal for the CEOs of IBM and Red Hat?

How is the acquisition deal being financed?