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IBM to gobble Red Hat for $34bn yes, the enterprise Linux biz


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#1 ONLINE   securitybreach

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Posted 28 October 2018 - 05:47 PM

There could of been way worse companies, let's hope that IBM carries on the spirit of opensource:

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IBM intends to acquire enterprise Linux maker Red Hat for $34bn (£27bn).

Big Blue announced the deal here, in the past hour, and Red Hat's take is here.

IBM made an offer of $190 per issued and outstanding Red Hat share, which was accepted: the current price stands at $116. Presumably the acquisition will have to jump various regulatory hurdles before it is set in stone.

"The acquisition of Red Hat is a game-changer," said IBM boss Ginni Rometty. "It changes everything about the cloud market. IBM will become the world's #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses."
Meanwhile, Red Hat CEO Jim Whitehurst offered: "Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open source as the basis for digital transformation and bring Red Hat to an even wider audience – all while preserving our unique culture and unwavering commitment to open source innovation."
If you're reading El Reg on Sunday, you know who Red Hat and IBM are: the former produces and supports, for a fee, enterprise flavors of the open-source Linux operating system; the latter, well, no one's quite sure– a curious mix of traditional on-premises gear, mainframes, cloud, and some AI.

Big Blue announced the deal here, in the past hour, and Red Hat's take is here.

IBM made an offer of $190 per issued and outstanding Red Hat share, which was accepted: the current price stands at $116. Presumably the acquisition will have to jump various regulatory hurdles before it is set in stone.

"The acquisition of Red Hat is a game-changer," said IBM boss Ginni Rometty. "It changes everything about the cloud market. IBM will become the world's #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses."

Meanwhile, Red Hat CEO Jim Whitehurst offered: "Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open source as the basis for digital transformation and bring Red Hat to an even wider audience – all while preserving our unique culture and unwavering commitment to open source innovation."

If you're reading El Reg on Sunday, you know who Red Hat and IBM are: the former produces and supports, for a fee, enterprise flavors of the open-source Linux operating system; the latter, well, no one's quite sure– a curious mix of traditional on-premises gear, mainframes, cloud, and some AI................


https://www.theregis...at_acquisition/
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#2 OFFLINE   crp

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Posted 28 October 2018 - 08:26 PM

holly smokes ...
Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. ~C. S. Lewis

#3 OFFLINE   Hedon James

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Posted 29 October 2018 - 09:32 AM

I saw that news and puckered a little....not sure what I think of a large corporate entity purchasing a large Open-Source company?  Although I must admit, IBM is pretty linux-friendly, so I'm cautiously optimistic.  We'd be having a different conversation if Oracle was the buyer!  :w00t:

#4 ONLINE   securitybreach

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Posted 29 October 2018 - 10:48 AM

View PostHedon James, on 29 October 2018 - 09:32 AM, said:

We'd be having a different conversation if Oracle was the buyer!  :w00t:

Yup and they would lose about 3/4 of the developers all at one time if that happened. Look at what happened to open office...
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#5 OFFLINE   V.T. Eric Layton

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Posted 29 October 2018 - 02:16 PM

Big Blue + Red Hat = Big Purple Hat ;)

#6 OFFLINE   raymac46

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Posted 29 October 2018 - 02:48 PM

Interesting... I could go from FORTRAN IV on a 360 model 40 to Fedora on a Thinkpad 50 years later and IBM would still have something to do with it.
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#7 OFFLINE   sunrat

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Posted 29 October 2018 - 06:37 PM

View PostV.T. Eric Layton, on 29 October 2018 - 02:16 PM, said:

Big Blue + Red Hat = Big Purple Hat ;)

Will we get a Deep Purple supercomputer to play chess? It might play Smoke On The Water when moving to checkmate. :cat:
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#8 ONLINE   securitybreach

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Posted 29 October 2018 - 08:18 PM

A very good breakdown:



Remember IBM is already the largest contributor to Linux and one of the top contributors at The Linux Foundation. That said they are still a proprietary company, even though they mostly open source everything that they acquire. The whole thing is a mixed  bag. The video above really breaks it down.
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#9 OFFLINE   raymac46

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Posted 30 October 2018 - 08:17 AM

It would be nice if the Linux community was self-supporting but when we see the creator of Slackware struggling to make ends meet, we must admit that it's not that way. Without the involvement of for-profit companies like IBM and Intel and AMD the development and security we enjoy wouldn't happen.
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