from the information-wants-to-be-free;-Red-Hat,-not-so-much dept.
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.
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
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From the press release:
IBM (NYSE:IBM) and Red Hat (NYSE:RHT), the world's leading provider of open source cloud software, announced today that the companies have reached a definitive agreement under which IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion.
Blog posting from Red Hat President and CEO Jim Whitehurst.
"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!
(Score: 3, Insightful) by c0lo on Friday June 28 2019, @01:44AM (4 children)
Now we'll see systemd in quantum computing too.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 3, Funny) by fustakrakich on Friday June 28 2019, @04:06AM (2 children)
For some reason that would make sense. Something about the ambiguity of whether the thing will fire up in the morning, always being in a working/non-working state, until you look at it.
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Friday June 28 2019, @04:30AM (1 child)
And when you look, it's not working, right?
(Score: 0) by Anonymous Coward on Friday June 28 2019, @06:44AM
quantum computing -aka- baby-sitting.
(Score: 0) by Anonymous Coward on Friday June 28 2019, @06:08AM
We'll see SystemD merged with the ODM, aka the AIX registry.
(Score: 2) by kazzie on Friday June 28 2019, @08:20AM
Big Bad
BlueRed Hat?(Score: 2) by gtomorrow on Friday June 28 2019, @11:37AM (5 children)
Disclaimer: Being a Debian/Ubuntu kind of guy, I've never used Red Hat or any derivatives, so I'm posting in almost complete ignorance...which never stopped anybody on this site so far. 🤣
So what does this mean for the overall Linux ecosystem? Already Red Hat seems to me somewhat "closed off", which I didn't think possible for a Linux distribution. Not that IBM, a big supporter of/contributor to open-source, would close it off further...?
Thoughts? Other than these dreary, redundant systemd comments, I mean. That battle, for better or worse, has been lost, fiends.
(Score: 0) by Anonymous Coward on Friday June 28 2019, @01:24PM (1 child)
You can have Centos almost as good as RHEL.
(Score: 0) by Anonymous Coward on Friday June 28 2019, @03:42PM
Or Fedora, almost as short life cycle as Ubuntu.
(Score: 0) by Anonymous Coward on Friday June 28 2019, @04:23PM (2 children)
Incorrect! I've failed to post due to a lack of knowledge on many occasions.
(Score: 0) by Anonymous Coward on Friday June 28 2019, @06:09PM
Yes, that's exactly what he was saying.
(Score: 0) by Anonymous Coward on Friday June 28 2019, @07:12PM
Unfortunately this is not one of them.