Red Hat Acquisition

News

May 09, 2019

“Red Hat Will Remain Independent; I’m Not Buying Them To Destroy Them,” Says IBM CEO

Ever since IBM announced that it’s going to acquire the open source giant Red Hat, Linux and open source enthusiasts have been voicing their concerns regarding the future of Red Hat? Is it going to become just another IBM subsidiary or is Red Hat going to adopt IBM’s corporate culture? At the Red Hat Summit […]

root

Geek

Oct 29, 2018

IBM Buys Linux & Open Source Software Distributor Red Hat For $34 Billion

IBM and Red Hat have announced an agreement that IBM has struck a deal to acquire the Linux and open source software distributor for $34 billion in an all-cash transaction of $190/share. This announcement is the largest software company acquisition to date. Following the acquisition, Red Hat will continue to operate as a distinct unit in IBM’s […]

root