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IBM acquires Red Hat for $34 billion

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Is it the end of an era or beginning of a new era?

The leading Linux and cloud vendor, Red Hat, is going to be acquired by IBM. You heard it right, the king of Linux has been ‘acquired’ by IBM for approximately $34 billion.

“The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” said Ginni Rometty, IBM Chairman, President and Chief Executive Officer. “IBM will become the world’s #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses.

With this acquisition, IBM will remain committed to Red Hat’s open governance, open source contributions, participation in the open source community and development model, and fostering its widespread developer ecosystem.

In addition, IBM and Red Hat will remain committed to the continued freedom of open source, via such efforts as Patent Promise, GPL Cooperation Commitment, the Open Invention Network and the LOT Network.

What does this acquisition mean for Linux and RHEL? Stay tuned.

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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.

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