Laurel Wamsley, NPR; IBM Will Acquire Open-Source Software Company Red Hat In $34 Billion Deal
"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...
"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."
Raleigh,
N.C.–based Red Hat makes software for the open-source Linux operating
system, an alternative to proprietary software made by Microsoft. It
sells features and support on a subscription basis to its corporate
customers...
Microsoft completed its $7.5 billion acquisition of open source software company GitHub just two days ago."
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