IBM officially acquires Red Hat for $34 billion — Linux distros are unaffected

IBM has closed its acquisition of Red Hat following the statement of intent back in October. Following the $34 billion deal, Red Hat will operate as a distinct unit within IBM — and will be reported as part of IBM’s Cloud and Cognitive Software segment. For IBM, the deal means fully embracing open source as it looks to accelerate its business model within the enterprise. For Red Hat, it means expanding its client base and working with a big player in the enterprise cloud business. Red Hat CTO Chris Wright says: “We are coming together to build upon a firm… [Continue Reading]


Original URL: https://betanews.com/2019/07/09/ibm-acquires-red-hat/

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