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IBM is acquiring Red Hat in deal valued at $34 billion
Oct 28, 2018
IBM announced that it will acquire open-source software company Red Hat for $34 billion. The deal will help IBM expand its reach as an enterprise cloud computing provider.
International Business Machines Corp. will pay $190 per share in cash for Raleigh, North Carolina-based Red Hat, according to a statement from the companies Sunday, confirming an earlier Bloomberg News report. That’s a 63 percent premium over Red Hat’s closing price of $116.68 per share on Friday.
https://www.foxbusiness.com/technology/ibm-to-acquire-red-hat-in-deal-valued-at-34b
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Comments
Old news: https://www.lowendtalk.com/discussion/153159/ibm-to-acquire-linux-distributor-red-hat-for-33-4-billion
agree. yesterday news.
I shall repeat this here.
Oracle took my mom away. IBM killed my dad. And Apple stole my first born.
Damn the world.
The end is (s)old ?
Now we have/had? known what really happened to @deank
Duplicate thread: https://www.lowendtalk.com/discussion/153159/ibm-to-acquire-linux-distributor-red-hat-for-33-4-billion.