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Red Hat Officially Acquired By IBM

posted by Fnord666 on Tuesday July 09 2019, @11:23PM   Printer-friendly
from the now-knows-as-blue-hat dept.

hoeferbe writes:

IBM and Red Hat announced today that they have closed the transaction under which IBM acquired all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total equity value of approximately $34 billion.

The acquisition redefines the cloud market for business. Red Hat's open hybrid cloud technologies are now paired with the unmatched scale and depth of IBM's innovation and industry expertise, and sales leadership in more than 175 countries. Together, IBM and Red Hat will accelerate innovation by offering a next-generation hybrid multicloud platform. Based on open source technologies, such as Linux and Kubernetes, the platform will allow businesses to securely deploy, run and manage data and applications on-premises and on private and multiple public clouds.

Original Submission

 
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  • (Score: 1, Interesting) by Anonymous Coward on Tuesday July 09 2019, @11:45PM (6 children)

    by Anonymous Coward on Tuesday July 09 2019, @11:45PM (#865207)

    The acquisition redefines the cloud market for business. Red Hat's open hybrid cloud technologies are now paired with the unmatched scale and depth of IBM's innovation and industry expertise, and sales leadership in more than 175 countries. Together, IBM and Red Hat will accelerate innovation by offering a next-generation hybrid multicloud platform. Based on open source technologies, such as Linux and Kubernetes, the platform will allow businesses to securely deploy, run and manage data and applications on-premises and on private and multiple public clouds.

    What does this add to the summary? Why was it added to the original submission?

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  • (Score: 5, Touché) by PartTimeZombie on Tuesday July 09 2019, @11:57PM (4 children)

    by PartTimeZombie (4827) on Tuesday July 09 2019, @11:57PM (#865211)

    I think what they meant to say is that the new combination will synergistically parallel task cross-media adoption and objectively unleash e-business initiatives.

    They might also compellingly expedite client-centric storage. I am unsure of this, but they will certainly credibly productize accurate architectures and synergistically mesh user friendly synergy.

    • (Score: 5, Funny) by krishnoid on Wednesday July 10 2019, @12:36AM (1 child)

      by krishnoid (1156) on Wednesday July 10 2019, @12:36AM (#865238)

      I was going to shame you for how deceptively coherent-sounding that was, but I'll leave a pointer to the musical version [youtu.be] instead.

      • (Score: 0) by Anonymous Coward on Wednesday July 10 2019, @06:16AM

        by Anonymous Coward on Wednesday July 10 2019, @06:16AM (#865300)

        Wow! That's brilliant!

        Great "ideation!"

    • (Score: 0) by Anonymous Coward on Wednesday July 10 2019, @01:20AM (1 child)

      by Anonymous Coward on Wednesday July 10 2019, @01:20AM (#865248)

      Where is the Leverage?

      • (Score: 2) by PartTimeZombie on Wednesday July 10 2019, @01:31AM

        by PartTimeZombie (4827) on Wednesday July 10 2019, @01:31AM (#865251)

        Shit!.

        Um, they're going to leverage a paradigm shift?

        Whew! I think I got away with it.

  • (Score: 1) by DECbot on Tuesday July 09 2019, @11:57PM

    by DECbot (832) on Tuesday July 09 2019, @11:57PM (#865212) Journal

    Buzzword bingo. Come pickup your card...

    --
    cats~$ sudo chown -R us /home/base