BusinessDevOpsNews

IBM closes Red Hat acquisition for $34 billion

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Washington DC: IBM today closed the acquisition of Red Hat for $34 billion, marking one of the biggest acquisition of any open source company.

“We think open source has become the de facto standard in technology because it enables these solutions. Joining forces with IBM gives Red Hat the opportunity to bring more open source innovation to an even broader range of organizations and will enable us to scale to meet the need for hybrid cloud solutions that deliver true choice and agility,” said Jim Whitehurst, president and CEO, Red Hat.

…developing

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Swapnil Bhartiya
I have more than 12 years of experience covering Enterprise Open Source, Cloud, Containers, IoT, Machine Learning and general tech. My stories cover a very broad spectrum - traditional Linux, data center and Free Software to contemporary emerging technologies like 'serverless'. Widely Read: My stories have appeared in a multitude of leading publications including CIO, InfoWorld, Network World, The New Stack, Linux Pro Magazine, ADMIN Magazine, HPE Insights, Raspberry Pi Geek Magazine, SweetCode, Linux For You, Electronics For You and more.