“IBM is acquiring Red Hat, a major distributor of open-source software and technology, in a deal valued around $34 billion, the companies announced on Sunday.
According to a joint statement, IBM will pay cash to buy all shares in Red Hat at $190 each. Shares in Red Hat closed at $116.68 on Friday before the deal was announced.”
See IBM to acquire Red Hat in deal valued at $34 billionMy my… Around 2003 I recommended TLW buy RHT at around $7… She didn’t…
On the other hand, RHT has been quite successful in “selling” Free/Libre Open Source software by “subscription” and IBM has been growing a server-based business after abandoning desktop GNU/Linux. It makes business-sense to join forces. Unfortunately, mergers/acquisitions often go astray as ways and means conflict. I haven’t used much of Red Hat’s software since I adopted Debian GNU/Linux. There was no need and I like how Debian operates. I never saw the benefit of subscribing for schools/education, the business in which I worked. You can’t beat $free and free when it comes to cost and licensing. Using a Free Software licence and then paying someone else for permission to use the software just didn’t work for me. I wanted to get work done, not file paperwork.
We shall see if IBM embraces Red Hat and FLOSS properly or causes Red Hat to shed a lot of what it does that may not interest IBM, like promoting FLOSS, distributing FLOSS, and generally helping the FLOSS community. This could be partly a defensive move because M$ has bought GitHub. Red Hat and M$ joining forces might have squeezed IBM. Sigh. The enemy of my enemy is my friend, I guess.