It is now official. Open source specialists Red Hat is now part of IBM. This is IBM’s largest ever acquisition worth $34 billion USD (£27B). IBM offered $190 per issued and outstanding share, which is a 62% premium over Friday’s closing share price.
Red hat of course, produces and supports, enterprise flavors of the open-source Linux operating system. IBM, being a long-time supporter of open-source, seems like a good fit to acquire the company. Although Big Blue has grander plans in mind.
“The acquisition of Red Hat is a game-changer,” said IBM’s 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.”
This will also give IBM a competitive edge in the enterprise cloud computing market. This market of course, currently has Amazon, Google and Microsoft at the top. Although the acquisition according to ZDNet, gives IBM “software heft and an OpenStack playbook that can rival VMware.”
Meanwhile, according to Red Hat CEO Jim Whitehurst, joining forces with IBM will provide them “with a greater level of scale, resources and capabilities to accelerate the impact of open source.” Adding that it will bring their product to an even wider audience. All while preserving their “unique culture and unwavering commitment to open source innovation.”
Electronic Arts (EA) announced today that its games were played for over 11 billion hours…
Steam's annual end-of-year recap, Steam Replay, provides fascinating insights into gamer habits by comparing individual…
GSC GameWorld released a major title update for STALKER 2 this seeking, bringing the game…
Without any formal announcement, Intel appears to have revealed its new Core 200H series processors…
Ubisoft is not having the best of times, but despite recent flops, the company still…
If you haven’t started playing STALKER 2: Heart of Chornobyl yet, now might be the…