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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.

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  • (Score: 2) by legont on Wednesday July 10 2019, @01:29AM

    by legont (4179) on Wednesday July 10 2019, @01:29AM (#865250)

    While I appreciate your scenario, I was mostly meditating on the high of 130 or so back in December 1999 and what happened after that. I vividly remember as I participated in the game.

    --
    "Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
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