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. https://it.toolbox.com/blogs/esthershein/largest-linux-open-source-deal-ever-112818
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LARGEST LINUX OPEN SOURCE DEAL EVER
IBM is acquiring Linux software provider Red Hat in a deal worth approximately $34 billion — the largest Linux or open source business deal in history. The company will pay $190 per share in cash for Red Hat, which had a market capitalization of about $20.5 billion prior to the deal. IBM said the acquisition builds on its move to re-engineer its software portfolio with containers. Container technologies are fast becoming a safe and reliable way to move applications across multiple IT footprints, from existing data centers to the public cloud and vice versa,’’ the company said in a statement. “Going hand-in-hand with IBM’s shift to containerized software, is Red Hat’s expansive portfolio of enterprise-grade, cloud-native, and hybrid cloud infrastructure solutions, which, when combined, provide a clear pathway for enterprises to adopt hybrid cloud computing.” Paul Cormier, president of products and technologies at Red Hat, said that “by extending our long-standing collaboration with IBM, we’re bringing together two leading enterprise application platforms in Red Hat OpenShift Container Platform and IBM Cloud Private and adding the power of IBM’s software and cloud solutions. ESTHER SHEIN READ MORE