June 19, 2019 / 3:27 PM / 3 months ago

EU to clear without conditions $34 bln IBM, Red Hat deal - sources

BRUSSELS, June 19 (Reuters) - EU antitrust regulators are expected to clear U.S. tech giant International Business Machines Corp's $34 billion bid for software company Red Hat without demanding concessions, people familiar with the matter said on Wednesday.

IBM is seeking to expand its subscription-based software offerings via the deal, its biggest to date, to counter slowing software sales and waning demand for mainframe servers. (Reporting by Foo Yun Chee; Editing by Alissa de Carbonnel)

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