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[eddie4]

In what may be the most significant tech acquisition of the year, IBM says it will acquire open-source software company Red Hat for approximately $34 billion.
Under the terms of the deal announced Sunday, IBM will acquire Red Hat for $190 a share — a premium of more than 60 percent over Red Hat's closing price of $116.68 on Friday.
"The acquisition of Red Hat is a game-changer. It changes everything about the cloud market," Ginni Rometty, IBM chairman, president and chief executive officer said in a statement. "This is the next chapter of the cloud."
Raleigh, N.C.–based Red Hat makes software for the open-source Linux operating system, an alternative to proprietary software made by Microsoft. It sells features and support on a subscription basis to its corporate customers.
Red Hat President and CEO Jim Whitehurst called the deal "a banner day for open source" and pointed to his company's long history of partnering with IBM. He said the acquisition would give Red Hat greater scale and resources to increase the impact of open source software.
Both companies took pains to say that the Red Hat ethos and commitment to the open-source community would continue. Red Hat will become part of IBM's hybrid cloud unit, but will retain its own branding, facilities and practices, with Whitehurst and other senior management remaining in place.
"The biggest part of the news," Whitehurst said, "is that the company that is bringing us into their fold is committed to keeping the things that have made us Red Hat and that have made us successful over the years, always thinking about the customer and supporting the community as the innovation platform for our success."
The deal, which is subject to Red Hat shareholder approval, is expected to close in late 2019. As Bloomberg reports, revenue at Red Hat is expected to top $3 billion this year, but its sales missed analyst expectations last quarter. IBM, meanwhile, has watched its revenue decline in recent years.
"This is an acquisition for revenue growth, this is not for cost synergies," Rometty told Bloomberg, and said neither company will cut jobs following the deal.


src: https://www.npr.org/2018/10/28/6615...-acquire-open-source-software-company-red-hat

aquire me if old.

 

[DunDunDunpachi]

This is a pretty big win for them. RedHat is ubiquitous across the hosting industry. RHCSA and RHCE certifications can land you a job just about anywhere.

 

[Dirk Benedict]

Conflicted....

 

[Sakura Doritos]

Hot damn the office is going to be fun tomorrow!

Spoiler

We are a heavy RHES shop

 

[hecatomb]

so what is redhat, never heard of them.

 

[Xisiqomelir]

so what is redhat, never heard of them.

Red Hat is one of the earliest Linux distributions, and the first to become really commercially successful.

You can try out an unskinned version of the corporate product at Centos, the desktop version is developed in Fedora.

 

[STI]

At least it’s not oracle

so what is redhat, never heard of them.

If you never heard them then you don’t need to know

 

[ChuckeRearmed]

Corporations are growing bigger. IBM kingdom expanded its territories

 

[mango drank]

Uh oh? How will this affect Red Hat / Fedora Linux?

 

[Dunki]

can someone please tell me how this is a connect to the hybrid cloud stuff? I see really no connection here.

 

[Mihos]

I work pretty much in all the Debian flavors, but we have a few RHE instances. I don't see this as much of a bad thing as long as they keep up the support. I was wary of when Oracle bought MySQL, but I think they have been doing a pretty good job with it.

 

[Deleted member 1235]

can someone please tell me how this is a connect to the hybrid cloud stuff? I see really no connection here.

It’s a bit of blather and it’s a strategic move because the clouds bigger than ibm now run on ibms shit.

 

[Hudo]

As a Fedora user (the OS, not the head garment) it will be interesting to see what will come of this. RHEL (and CentOS) are fairly big enterprise hosting industry.
From what I could gather, IBM are looking to integrate Red Hat in the "Cloud Unit". Maybe this could give us a hint to where things might be going.
Didn't SUSE also get bought by some investment holding company? I've seen some shops running SLES (in Germany, though).

(Debian is cool as well, btw).

 

[Komatsu]

As a former Big Blue employee, they better be ready for the layoffs.