IBM closes its $34 billion acquisition of Red Hat

and EMC in 2016 and JDS Uniphase's $41 billion acquisition of optical-component supplier SDL in 2000.

Under the deal, Red Hat will now be a unit of IBM's Hybrid Cloud division, according to the original announcement. The companies said Red Hat's CEO Jim Whitehurst would join IBM's senior management team and report to CEO Ginni Rometty. IBM previously said it hopes its acquisition of Red Hat will help it do more work in the cloud, one of its four key growth drivers, which also include social, mobile and analytics. The company lags behind

Damn Chanel west coast is all corporate nowadays chanelwestcoast

IBM owning redhat, how long until the exploits roll in like a waterfall through a band aid, those jokers don't understand the first fucking thing about Linux much less a kernel.

😂

majorhayden I think redhat the company will be dead like Sun.

RedHat As long as they leave Fedora alone, I’ll keep my mouth shut

Bummer

Like clockwork this will increase IBM's stock for 3 months

Time for Red Hat to put Trump in prison

I remember when Red Hat was some super nerdy guy who occasionally popped up on CNBC who puzzled people for daring to create another operating system. $34b later...

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