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Assessing IBM’s $34 billion Red Hat acquisition
As you look at the $34 billion IBM-Red Hat deal announced yesterday, if you follow the enterprise closely, it seems like a good move, at least on its face. It could be years before we understand the true value of it for IBM (or lack thereof, depending on how it ultimately goes). The questions stands […]
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View More IBM is betting the farm on Red Hat — and it better not mess upIBM to acquire open source company Red Hat for a whopping $34 billion
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$34 billion.
That’s how much IBM has offered to pay, in cash, to acquire the open source software company Red Hat.
Red Hat gives away its core product — the Red Hat Linux distribution — for free, but it makes money on support and cloud computing. And the latter is where IBM’s focus is at.
“The acquisition of Red Hat is a game changer. It changes everything about the cloud market. IBM will become the world’s #1 hybrid cloud provider,” said IBM Chairman, President and CEO Ginni Rometty.
Today is a banner day for #opensource. Red Hat will be combining forces with @IBM in the largest software transaction in history and it’s an open source company. Read Paul Cormier’s thoughts: https://t.co/trjpJMk3w9 https://t.co/G8SKS5gsVk pic.twitter.com/FfPpzqiqUN
— Red Hat, Inc. (@RedHat) October 28, 2018 Read more…
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