Red Hat's Statements on Being Bought by IBM (Now Official)
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Unlocking the true potential of hybrid cloud with Red Hat partners
Today, we announced that IBM’s landmark acquisition of Red Hat has closed and shared our vision for how our two companies will move forward together.
You’ve heard that IBM is committed to preserving Red Hat’s independence, neutrality, culture and industry partnerships, and that Red Hat’s unwavering commitment to open source remains unchanged.
There is a key part of that statement I want to focus on—partnerships.
IBM has made a significant investment to acquire Red Hat, and respects that Red Hat wouldn’t be Red Hat without our partner ecosystem. Partners open more doors for open source than we can alone and are vital to our success.
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Red Hat and IBM: Accelerating the adoption of open source
Today, IBM finalized its acquisition of Red Hat. Moving forward, Red Hat will operate as a distinct unit within IBM, and I couldn't be more excited—not only for what today represents in the history of two storied technology companies, but what it means for the future of the industry, for our customers, and for open source.
Red Hat's acquisition by IBM represents an unparalleled milestone for open source itself. It signals validation of community-driven innovation and the value that open source brings to users.
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IBM Closes Landmark Acquisition of Red Hat for $34 Billion; Defines Open, Hybrid Cloud Future
IBM (NYSE:IBM) and Red Hat announced today that they have closed the transaction under which IBM acquired all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total equity value of approximately $34 billion.
The acquisition redefines the cloud market for business. Red Hat’s open hybrid cloud technologies are now paired with the unmatched scale and depth of IBM’s innovation and industry expertise, and sales leadership in more than 175 countries. Together, IBM and Red Hat will accelerate innovation by offering a next-generation hybrid multicloud platform. Based on open source technologies, such as Linux and Kubernetes, the platform will allow businesses to securely deploy, run and manage data and applications on-premises and on private and multiple public clouds.
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Q&A: IBM’s Landmark Acquisition of Red Hat
Paul: Red Hat is an enterprise software company with an open source development model. A fundamental tenet of that model is that everything we do, from new practices that we learn to new technologies that we develop, goes back to the upstream community. By joining forces with IBM, our reach into customers will dramatically increase so we’ll be in a position to drive open enterprise technology a lot further. As for IBM, we’ve been partners for quite some time, but now existing IBM customers will have even more direct access to next-generation open source-based technologies that are at the cornerstone of hybrid cloud innovation.
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Jim Whitehurst email to Red Hatters on Red Hat + IBM acquisition closing
Last October, we announced our intention to join forces with IBM, with the aim of becoming the world’s top hybrid cloud provider. Since then, the promise IBM chairman, president, and CEO Ginni Rometty and I made has not changed. In fact, our commitment to that vision has grown - Red Hat will remain a distinct unit in IBM as we work to help customers deliver any app, anywhere, realizing the true value of the hybrid cloud. This morning, we can share that the most significant tech acquisition of 2019 has officially closed and we can now begin moving forward.
We will be hosting an all-hands company meeting today (Tuesday, July 9) where you will hear from me, Ginni, Paul Cormier and IBM senior vice president of Cloud and Cognitive Software, Arvind Krishna. Details on logistics to follow; I hope you will join us.
Since we announced the acquisition, I’ve been having conversations with our customers, partners, open source community members and more Red Hatters than I can count (I’ve been following memo-list as well!). What struck me most from those conversations was the passion. It’s passion not just for a company, but for what we do and how we do it—the open source way. That’s not going to change.
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IBM Acquires Red Hat For $34 Billion
IBM today closed the acquisition of Red Hat for $34 billion, marking one of the biggest acquisition of any open source company.
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Responses From Linux Sites and Fedora
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