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posted by martyb on Friday January 11 2019, @08:59PM   Printer-friendly
from the money-money-money dept.

"CLOUD COMPUTING: IBM acquiring Red Hat for $34 billion........Red Hat has held a steady leadership in cloud computing and open source Linux OS for many years. It is present in most financial and governmental institutions......

ARTIFICIAL INTELLIGENCE: GSK bought a $300 million stake in 23andMe...........Why fall ill and shorten your lifespan if you can prevent an upcoming disease by opening your genetic coffins to a pharmaceutical giant like GSK?..................

INTERNET OF THINGS: Qualcomm’s bid to purchase NXP Semiconductors for $44 billion............Qualcomm positions itself as a chip producer for the upcoming Internet of Things (IoT)......" forbes.com/sites/cognitiveworld/2018/12/30/three-acquisitions-in-2018-to-impact-2019s-tech-landscape

Hopefully, they meant Coffers. I think they meant Coffers. But, who knows? Who really knows!


Original Submission

Related Stories

EU Approves of IBM Acquisition of Red Hat, Deal Set to Close in July 12 comments

IBM Cleared By European Commision To Move Forward In Landmark Purchase Of Red Hat

IBM made a big splash with its announcement last fall that it would be moving forward with its largest-ever acquisition. The acquisition in question is for Red Hat, an American open-source software company for an eye-watering $34 billion dollars.

[...] Europe was the last major governing body that had not yet cleared the IBM-Red Hat deal. The U.S. gave it the green light this past May and so with today's announcement that the European Commission has unanimously voted "yes" to allow the deal to proceed, there isn't anything standing in the way. IBM expects the deal to close sometime in July.

Since IBM is a distant third or fourth in the cloud computing scene, regulators found no reason the merger would promote competition concerns in the rapidly expanding cloud computing market. IBM has never bought anything this expensive before, and as a matter of global history, this will go down as the most expensive software sale ever at $34 billion. Interestingly, it seems we are seeing continued consolidation in the cloud space with a few other notable recent mergers being announced.

Also at Reuters and CNBC.

See also: Red Hat millionaires: Watch for workers to cash out if IBM's $34B acquisition wins approval

Previously: IBM Acquires Red Hat
Three Acquisitions In 2018 To Impact 2019's Tech Landscape


Original Submission

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  • (Score: 2) by takyon on Friday January 11 2019, @09:04PM (5 children)

    by takyon (881) <reversethis-{gro ... s} {ta} {noykat}> on Friday January 11 2019, @09:04PM (#785225) Journal

    Meh, what do they do that can't be copied by a pharma giant with deep pockets?

    Or more likely, the insurance companies will call the shots and "incentivize" people to get free genome tests, from a partner or subsidiary that the company chooses.

    --
    [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
    • (Score: 3, Insightful) by bob_super on Friday January 11 2019, @09:49PM

      by bob_super (1357) on Friday January 11 2019, @09:49PM (#785238)

      "Incentivize" : Deny coverage to anyone that doesn't surrender their genome.

    • (Score: 5, Touché) by realDonaldTrump on Friday January 11 2019, @10:14PM (2 children)

      by realDonaldTrump (6614) on Friday January 11 2019, @10:14PM (#785247) Homepage Journal

      It's called First Mover advantage. They say, oh, GSK bought a stake. And it stands for GlaxoSmithKline. But, it also stands for Golden State Killer. So many folks did the "kits," right? Bought the "kit," or got it as a gift. So easy -- you spit in it and you put it in the mail. A lot like the Urine Kits we were doing. But, now they have a suspect, they think he's the GSK. He never did the kit. But they caught him because his relatives did it. The 23andme or the other. Very big news, so many folks know about that. So many folks that did the "kit," they wish they hadn't. And so many that didn't do it, they're very happy they didn't. And they won't do that for anybody. Because the DNA can rat them out. Or rat out somebody in their family. We love law & order. But we always always put family before that. And what our Law Enforcement is doing with DNA almost should be illegal.

      • (Score: 1) by Ethanol-fueled on Saturday January 12 2019, @01:59AM (1 child)

        by Ethanol-fueled (2792) on Saturday January 12 2019, @01:59AM (#785338) Homepage

        A lot like the Urine Kits we were doing

        And you know a thing or two about urine, from pissing on all those Russian prostitutes? Hey, I don't blame you, Anybody who's met Russian women would want to piss on them too!

        HAHAHAHHHEEHEEHoooooooooooooooooooooo!

        • (Score: 3, Interesting) by realDonaldTrump on Saturday January 12 2019, @03:16AM

          by realDonaldTrump (6614) on Saturday January 12 2019, @03:16AM (#785361) Homepage Journal

          It wasn't Russian prostitutes. There may have been some Russian prostitutes doing it. Or, maybe not. Because anybody could do it. Anybody that had the money, that paid us the money. You paid us, we didn't judge. We never ever judged. You could be a prostitute or a politician and it was O.K. with us. We called it The Trump Network.

          And it was a lot like what 23andme is doing with the weight loss, what they want to do with the Designer Babies. You buy the "kit" from them -- or possibly get it as a gift. You spit in it, you mail it back to them. You install the App and they tell you how to loose weight.

          And they have the Patent on, you send them the spit. You go on the Computer and tell them what you want your Babies to be like. And they tell you who to have "sex" with. Who to screw. Or, you know, match you up at the egg bank. Sperm bank for the "ladies." And make the type of Babies you want. They're not doing that one yet because it's not 100%. It's like rolling the Dice. But, the Dice are loaded. Much better chances when you do the DNA match. Compared to, you find somebody at a Dance. Or I guess for you, for a lot of folks, possibly at a Bar. And just go at it and hope for the best. The old fashioned way. It's fun, right? It can be a lot of fun. But when you're making the Babies that way, it's a little bit dicey.

          We didn't have the App. This was ten years ago, nobody knew from App. Right? But we had Computer. And we were doing the same thing for Vitamins that 23andme is doing for the weight loss. And we had a lot of fun doing it. With MLM -- Multi Level Marketing. We called it The Trump Network. And it was possibly the greatest thing to ever happen with Vitamins. Something nobody else had done. Really amazing, nobody thought it could ever happen. You could buy our "kit," we called it PrivaTest. Little jar for you to piss in. And you would mail it back to us, we put it in the Computer. We had a guy that, his job was to put the piss in the Computer. The Computer would check, what Vitamins does this person need? And we sent back the Hard Copy to tell you what Vitamins to buy. So you would get exactly what you needed. No more and no less. PERFECTO! youtu.be/XyRE5MN8jrA [youtu.be]

    • (Score: 2) by legont on Friday January 11 2019, @11:48PM

      by legont (4179) on Friday January 11 2019, @11:48PM (#785297)

      I already got a offer - an app that generates personalized diet and exercise suggestions based on my genetic info - right from 23andMe. So far they want me pay for this.

      Developed with scientists at Harvard and Stanford, Lark's mobile app leverages your 23andMe results to create an experience tailored to you.

      AI is promised. I guess v2.0 should simply do all my shopping. Come to think about it, why can't it receive my paycheck and manage all the expenses.

      --
      "Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
  • (Score: 1, Insightful) by Anonymous Coward on Friday January 11 2019, @10:19PM

    by Anonymous Coward on Friday January 11 2019, @10:19PM (#785251)

    NOOOooo..., Stop the the deal now!

  • (Score: 2, Interesting) by garfiejas on Friday January 11 2019, @10:35PM

    by garfiejas (2072) on Friday January 11 2019, @10:35PM (#785261)

    https://www.cnet.com/news/qualcomms-44b-nxp-acquisition-dies-after-failing-to-get-regulatory-approval-from-china/ [cnet.com]

    As I use NXP chips, I like to keep an eye on what they're doing...

  • (Score: 2) by black6host on Friday January 11 2019, @11:43PM

    by black6host (3827) on Friday January 11 2019, @11:43PM (#785294) Journal

    Thanks Donald, for saving me a click. RTFA???? Don't need too. :)

  • (Score: 2) by Subsentient on Saturday January 12 2019, @12:48AM

    by Subsentient (1111) on Saturday January 12 2019, @12:48AM (#785317) Homepage Journal

    Everyone here hates them, but I sure didn't. Fedora's an awesome distro except for systemd. Truly bleeding edge.
    I have a feeling Fedora will slowly be eaten away into nothingness now.
    It's Oracle's acquisition of Sun all over again.

    --
    "It is no measure of health to be well adjusted to a profoundly sick society." -Jiddu Krishnamurti
  • (Score: 0) by Anonymous Coward on Saturday January 12 2019, @10:15AM

    by Anonymous Coward on Saturday January 12 2019, @10:15AM (#785445)

    Redhat has achieved "governance" over the Linux(TM), via systemd and the Code of Conduct.

    You, contributors, are now treated as employees.

    They are confident that you will not assert your property rights, since you attack those who do (See: Netfiter saga), and take it as an honour to sign documents pledging that you will not assert your property rights (prepared for you by your now-masters).

    They know that you are psychologically bound to behave as hirelings - servants, and not as property owners.

    Thus they can rest easy knowing the ground is, though made of sand, not in seeming danger of a tempest.

    Because of you.
    Because of your history of supplication.
    Your enuich-like nature.

    A nice example is Bradly Kuhn's recent blog posts 1) Excoriating RMS and 2) showing how he himself is submissive to a woman he hired.

    He's even angry that others still treat him with respect rather than transferring all the good will to the female figurehead everyone is supposed to now respect (for what reason? No, being an actual programmer is not required: sufficent is being a member of the "better" species that rules over the males under the anglo-american system that Bradly Kuhn and his kind uphold )

    If I were them I would never donate another cent to the SFConservancy, and I would seek a claw-back of the funds that I did donate for improper use (yes this is possible under both California and New York law). Especially since they seem to have no in-house lawyers what-so-ever (so what is their purpose?).

    We are supposed to be proud that his mind is as innocent as his visage (perhaps why he had to hire outside counsel to give him an incorrect and abundantly couched opinion)

    [1] http://ebb.org/bkuhn/blog/2018/11/22/gnu-kind-communication-guidelines.html [ebb.org]
    [2] http://ebb.org/bkuhn/blog/2018/06/21/everyday-sexism.html [ebb.org]

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