IBM's decision to sell off a bulk of its shares in Red Hat has prompted speculation that it is attempting to weaken its links with the Linux distributor.
Big Blue filed with regulators this week to sell about $14.37m worth of shares in Red Hat. The 250,000 shares were acquired through a private purchase from Red Hat about 13 months ago, according to a filing with the Securities and Exchange Commission made available yesterday.
IBM sold another 150,000 shares earlier this month worth an estimated $8.5m.
