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IBM Will Acquire Open-Source Software Company Red Hat In $34 Billion DealIBM 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. Pictured: IBM acquiring a Red Hat Goodbye open source. “Open source” - a Petri dish for development, where umbrella corps are then bought for gobs of money, based on the unpaid genius of others.
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’s Red Hat Deal Shows Linux’s Rise to Business MainstayInternational Business Machines $33 billion bet on the world’s biggest Linux company shows how the once-maverick operating-system software has cemented its place at the heart of modern business computing. Win-doze deca is too invasive. Updates turn invasion back on and add more. Any operating system that includes data privacy would be welcome. Make it an easy install! IBM wants to buy everything under the cloud.
Source: WSJ - 🏆 98. / 63 Read more »
IBM-Red Hat deal helps boost tech stocksAfter a tough week, there's nothing like a merger to get Wall Street back on track. What red hat? MAGA hats? O_o Thanks Trump👍 ...Trump must somehow be bad in this...ooh, ooh, ooh...it's the 'Red Hat deal'...Red Hat = MAGA hat!!! 'Trump Collusion With IBM On MAGA Hats Drives Markets Higher; Women And Minorities Hurt Most' (Fixed it for you)
Source: CNN - 🏆 4. / 95 Read more »
IBM to acquire software company Red Hat for $34BThe transaction is by far IBM’s biggest acquisition. It underscores IBM chief executive Ginni Rometty’s efforts to expand the company’s subscription-based software offerings, as it faces slowing software sales and waning demand for mainframe servers.
Source: trtworld - 🏆 101. / 63 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 »
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 »