IBM Will Acquire Open-Source Software Company Red Hat In $34 Billion Deal; October 28, 2018

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."