„On October 28, 2018, IBM announced its intent to acquire Red Hat for $34 billion.[7][8][9]

The acquisition closed on July 9, 2019.[10] Red Hat’s lead financial adviser in the transaction was Guggenheim Securities.“

https://en.wikipedia.org/wiki/Red_Hat

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.

Jim Whitehurst President and CEO, Red Hat

so what does mean?

IBM has contributed to Open Source, for example Eclipse IDE originated out of IBM.

great M&A promises – can they deliver?

Nobody knows, wish ‚em godspeed and don’t break anything! 😉 (especially keep the RedHat culture, great software quality, and CentOS alive! …  and read the book?)

 

Links:

sometimes after M&A the CEOs take the cash and run.

But Whitehurst wants to step up? 🤔

Though he will have a tough time transforming „BigBlue“ into a innovative and agile company. Hope he can do it.

Has Red Hat’s Jim Whitehurst set himself up to succeed CEO Rometty at IBM?

https://newsroom.ibm.com/2018-10-28-IBM-To-Acquire-Red-Hat-Completely-Changing-The-Cloud-Landscape-And-Becoming-Worlds-1-Hybrid-Cloud-Provider

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