Pages

Monday, October 29, 2018

In what may be the most significant tech acquisition of the year, IBM says it will acquire open-source software company Red Hat for approximately $34 billion. Under the terms of the deal announced Sunday, IBM will acquire Red Hat for $190 a share — a premium of more than 60 percent over Red Hat's closing price of $116.68 on Friday. "The acquisition of Red Hat is a game-changer. It changes everything about the cloud market," Ginni Rometty, IBM chairman, president and chief executive officer said in a statement. "This is the next chapter of the cloud."

The headline is from MPR reporting. Meanwhile, "GitHub is now officially a part of Microsoft -- With government approvals received, the acquisition announced in June is complete," per Ars Technica.

The MPR report closes with a link on the GitHub purchase, linking to The Verge, here.

A Linus report; a websearch return for those not recognizing the name.