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IBM’s $34B Bid for Red Hat Will Upend Cloud As We Know It

IBM announced a deal to acquire Red Hat for $34 billion, one of the largest open source and cloud computing deals in the history of tech. The deal is expected to close in the “latter half” of 2019. IBM is paying a significant premium — over 60% — for Red Hat, which has specialized in open source business software and hybrid cloud for years. IBM CEO Ginni Rometty recently spoke at the Gartner Symposium and ITExpo and offered her thoughts on some of the other big initiatives.”]

Source: https://www.darkreading.com/cloud-security/ibms-$34b-bid-for-red-hat-will-upend-cloud-as-we-know-it/a/d-id/747148

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