IBM to acquire software company Red Hat for $34B

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IBM says it has reached a deal to buy software company Red Hat for $34 billion, a move the US computing giant says will enhance its cloud offerings, a key area of growth

 

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In Major Acquisition, IBM Will Acquire Open-Source Software Company Red HatIBM will acquire Red Hat for $190 per share, in a deal worth approximately $34 billion. Both companies took pains to say the Red Hat ethos and commitment to open source would continue. Hmmmm Nice knowing them. Nothing wrong with a red hat that’s for sure.
Source: NPR - 🏆 96. / 63 Read more »

IBM close to deal to acquire software company Red Hat: BloombergInternational Business Machines Corp. is close to a deal to acquire software company Red Hat Inc. [s:rht], Bloomberg News reported Sunday, citing people familiar with the matter. A deal could be announced later in the day, they said, although the terms were not available, according to Bloomberg. Red Hat closed Friday down 0.7% and is down about 3% on the year, while IBM has fallen about 18%. The Dow Jones Industrial Average has gained about 1% in 2018. This is huge!! She sounds crazy that CEO
Source: MarketWatch - 🏆 3. / 97 Read more »

IBM to acquire software company Red Hat for $34 billionIBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat I... LianaBaker GregRoumeliotis So .... Linux is F*****ed Up. Given GitHub being in the hands of Microsoft.... I would said... Open Source is F****ed. What's the next move ? the Fed taking care of crypto-currency ? LianaBaker GregRoumeliotis IBM pays 150 X recent earnings to buy a services company that owns no proprietary product? Whose customers are companies IBM fights for cloud services biz? No pixie dust synergies here folks. Just 'Do Something' Desperation. I've Been Mugged. emilychangtv JohnJHarwood jbarro
Source: Reuters - 🏆 2. / 97 Read more »

IBM to acquire software company Red Hat for $34 billionIBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat I... Red hat = bad Orange Man = bad IBM = bad Resist don't how one can be worth that much when coding for free? Drag it with them in their grave..
Source: Reuters - 🏆 2. / 97 Read more »

IBM nears deal to acquire cyber security company Red Hat: sourcesIBM Corp is nearing deal to acquire software company Red Hat Inc in a deal that ... WHO ARE WE LOOKING Since when has Red Hat been considered a “security” company? 'Cyber Security Gold Rush of 2018'
Source: Reuters - 🏆 2. / 97 Read more »