When IBM bought Red Hat, I thought it was the biggest open-source deal of all time. I was wrong. At $34-billion, it's the biggest software acquisition ever. So, why is IBM spending so much money? The reason is twofold. First, it's about positioning IBM as a cloud power. And, ...
Why IBM bought Red Hat: It's all open source cloud, all the time Drilling down, surveyed IT executives said RHEL was: Reducing the annual cost of software by 52%. Reducing the time IT staff spend doing standard IT tasks by 25%. Reducing costs associated with unplanned downtime by 5%....
IBM is acquiring Red Hat, a major distributor of open-source software and technology, in a deal valued around $34 billion, the companies announced on Sunday. According toa joint statement, IBM will pay cash to buy all shares in Red Hat at $190 each. Shares in Red Hat closed at $116.68...
IBM (NYSE:IBM) and Red Hat announced today that they have closed the transaction under which IBM acquired all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total equity value of approximately $34 billion. The acqu...
IBMclosed its $34 billion acquisition of Red Hat, the companies announced Tuesday. Shares of IBM were down less than 1% in late-morning trading. The deal wasoriginally announced in October, when the companies said IBM would buy all shares in Red Hat for $190 each in cash. ...
If Red Hat retailiated by cancelling that subscription, I'd definitely tune into that court case. I don't know if the community could front the money to take on IBM's powerful laywers—maybe that's what Red Hat's banking on. But there's another player in this game who might, and ...
Red Hat Enterprise Linux AI is a foundation model platform to develop, test, and run generative AI models. It includes: Open source-licensed IBM Granite large language models (LLMs). InstructLab model alignment tools. A Red Hat Enterprise Linux image with PyTorch and open source hardware accele...
The strange part of the Red Hat announcement was that it sets a precedent that is not great. Both Red Hat, and IBM its parent, are very large, sophisticated companies. There is little chance they did not foresee community outcry over an abrupt change of direction like this. Sometimes, thos...
BY AOL TIME WARNER RED HAT MAY BE BOUGHT BY AOL TIME WARNERRED HAT MAY BE BOUGHT BY AOL TIME WARNERAIMEE PICCHI
Red Hat Enterprise Linux (RHEL) business unit in July, likely to lead that group through the planned acquisition. The potential acquisition would also be aided by portfolio synergies around Linux on IBM hardware and Kubernetes. Additionally, IBM is pervasive in the large enterprise market while ...