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IBM acquires Red Hat

Accepted submission by tadas at 2018-10-28 19:33:37 from the Linux dept.
Business

tadas [soylentnews.org] writes:

From the press release (at https://www.redhat.com/en/about/press-releases/ibm-acquire-red-hat-completely-changing-cloud-landscape-and-becoming-world%E2%80%99s-1-hybrid-cloud-provider?intcmp=701f2000000RWK2AAO [redhat.com] )

"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: https://www.redhat.com/en/blog/red-hat-ibm-creating-leading-hybrid-cloud-provider?intcmp=701f2000000RWK7AAO [redhat.com]

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