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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, Interesting) by r_a_trip on Wednesday July 10 2019, @08:55AM (1 child)

    by r_a_trip (5276) on Wednesday July 10 2019, @08:55AM (#865320)

    Be careful what you wish for. While Red Hat is by no means an angel, if they fall by the way side, there aren't many to fill that void. I would dread the situation of Canonical swooping in to fill that void and "start leading" in the Linux world. At least Red Hat has consistency and follow through, unlike the "throw spaghetti at the wall" methodology of Canonical.

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  • (Score: 0) by Anonymous Coward on Wednesday July 10 2019, @03:14PM

    by Anonymous Coward on Wednesday July 10 2019, @03:14PM (#865400)

    I believe RedHat has significant business with DOD. That and the cloud are most likely the reasons for IBM's interest.