IBM Closes Acquisition of Red Hat for $34B

Feel sad, I know it's just the way things go in big business, but watching a prime example of a fiscally successful company built on open source who has committed so many resources to kernel development and making the Linux community better get bought by a beached whale like IBM just shakes me.

Re: IBM Closes Acquisition of Red Hat for $34B

#7

Post by [deleted] » Tue, Jul 09, 2019, 1:12 PM UTC

[deleted]

Re: IBM Closes Acquisition of Red Hat for $34B

#8

Post by christi_meyer » Tue, Jul 09, 2019, 1:13 PM UTC

Elastic is the next

Disclaimer: I own a bunch of Elastic stock

Re: IBM Closes Acquisition of Red Hat for $34B

#9

Post by neogodless » Tue, Jul 09, 2019, 1:16 PM UTC

Share price was $187.71 prior to the announcement. As posted in the article - $190/share agreed purchase.

Re: IBM Closes Acquisition of Red Hat for $34B

#10

Post by rxhernandez » Tue, Jul 09, 2019, 1:18 PM UTC

ilovecaching wrote: post #6

Feel sad, I know it's just the way things go in big business, but watching a prime example of a fiscally successful company built on open source who has committed so many resources to kernel development and making the Linux community better get bought by a beached whale like IBM just shakes me.

At least it wasn't Oracle?