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

[Oct 29, 2018]

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 Hybrid Cloud team.

Since Linux is the preferred operating system when it comes to cloud computing, it makes sense for IBM to join hands with Red Hat and strengthen its enterprise offerings.


Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: