IBM buys Red Hat for $34 billion

Discussion in 'Frontpage news' started by Hilbert Hagedoorn, Oct 29, 2018.

  1. Hilbert Hagedoorn

    Hilbert Hagedoorn Don Vito Corleone Staff Member

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    IBM and Red Hat have reached agreement on an acquisition, the largest acquisition ever for IBM. The total amount of money involved is 34 billion dollars, equivalent to 29.8 billion euros....

    IBM buys Red Hat for $34 billion
     
  2. lucidus

    lucidus Ancient Guru

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    Damn ... didn't realize RH was worth so much.
     
  3. reix2x

    reix2x Master Guru

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    well this will teach us that working with linux can also make you rich :D
     
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  4. cryohellinc

    cryohellinc Ancient Guru

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    Wow, the figures... :eek:
     

  5. Neo Cyrus

    Neo Cyrus Ancient Guru

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    ...... I didn't even know Red Hate still existed.
     
  6. Glidefan

    Glidefan Don Booze Staff Member

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    Red Hat is premium stuff on the servers business.
     
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  7. Loobyluggs

    Loobyluggs Ancient Guru

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    I think they underpaid. The tech is worth more over time.
     
  8. Noisiv

    Noisiv Ancient Guru

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    IBM paid $190 a share in cash.
    Which represents a 63% premium over Red Hat’s closing price of $116.68 per share on Friday.

    PS
    Glad it's IBM and not Amazon.
     
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  9. Loobyluggs

    Loobyluggs Ancient Guru

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    True on all counts, but: over time that will seem like pocket change for what the tech can do, not to mention the patents and owning those will allow for transference of revenue into OPEX costs, saving tax receipts in the billions.

    Think about Star Wars purchase, Disney made that money back very quickly (I think the figure is already $6 thousand million over the $4 thousand million) and they then did the IP/Patent tax trick to lower tax payments, boosting net profits.

    What surprises me is IBM didn't do it sooner. Dell are really leading the cloud for enterprise level right now. They are walking through a crowd-less park and enjoying the sunshine and butterflies. IBM have to catch up to them. This is just my opinion, of course, but Dell are number one for cloud.

    But, no more...Dell should be terrified of this news.
     
  10. Noisiv

    Noisiv Ancient Guru

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    @Loobyluggs

    When you say Dell, you are talking about cloud infrastructure.
    This strengthens IBM in cloud software. Where Amazon is #1, MSFT 2nd, Google 3rd, > everyone else
     

  11. Loobyluggs

    Loobyluggs Ancient Guru

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    https://www.idc.com/getdoc.jsp?containerId=prUS44025018

    Yes, it does strengthen IBM for software considerably - yet Dell lead overall. You must understand that IBM is a hardware company first and foremost.
     
  12. rl66

    rl66 Ancient Guru

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    There is more Linux machine than Windows (and of course Apple) one around the world, and it's crowing each day...
    And so it can be profitable, and at least have an elevated cost.

    It's a major actor in nearly everything... So yes it is alive.

    not only, you have red hat in distro, in some phone, in car etc etc
     
  13. Embra

    Embra Maha Guru

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    Not so surprising. They have had a partnership from the beginning.
     
  14. reix2x

    reix2x Master Guru

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    jeje i know pal, in the university days we joke a lot about it, if you work on open source you will never be rich, but in the reality we all know it was a good way to follow for many reasons ("Learn the work not the tool")
     
  15. Had no idea IBM was still a company, what have these guys been doing...
     

  16. RzrTrek

    RzrTrek Ancient Guru

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    Does this mean I should stop using [...] on my laptop?
     
    Last edited: Nov 2, 2019
  17. Fox2232

    Fox2232 Ancient Guru

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    It still has around 6 months TTL. Then run for life of your laptop :D
     
  18. schmidtbag

    schmidtbag Ancient Guru

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    Catering to their name since the 1910s... making business machines. They may have lost the interest of console makers and PCs but they still have plenty of other markets to tap into.
     
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  19. JJayzX

    JJayzX Master Guru

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    IBM is also one of, if not a leader in quantum computing.
     
  20. schmidtbag

    schmidtbag Ancient Guru

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    I may be mistaken, but I think D-Wave is the current leader. IBM is definitely way up there, though.
     

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