IBM announced today it would pay $34 billion to acquire Red Hat the open source provider. This is the biggest software acquisition in history. It’s not the biggest tech acquisition ever, though, as that title belongs to Dell’s $67 billion buyout of data storage business EMC. Here is a list of top software Acquisitions 1. $34 billion (pending) – IBM buys Red Hat in 2018 2. $26.2 billion – Microsoft buys LinkedIn in 2016 3. $22 billion –Facebook buys WhatsApp in 2014 4. $13.5 billion –Symantec buys Veritas in 2004 5. $11 billion –Oracle buys PeopleSoft in 2004 The Red Hat deal is proof that the scalability of software can massively create wealth. Unlike other industrial giants that require physical resources, software industry requires almost no material cost to create or distribute.
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