Official: IBM to gobble Red Hat for $34bn – yes, the enterprise Linux biz

[Mr.J]

IBM intends to acquire enterprise Linux maker Red Hat for $34bn (£27bn).

Following rumors of a deal over the weekend, Big Blue announced the move here, in the past hour, and Red Hat's take is here.

IBM made an offer of $190 per issued and outstanding Red Hat share, which was accepted: the current price stands at $116. Presumably the acquisition will have to jump various regulatory hurdles before it is set in stone. If it is successful, Red Hat will be absorbed into IBM's Hybrid Cloud unit.

https://www.theregister.co.uk/2018/10/28/ibm_redhat_acquisition/

 

[Haerrass1]

You know what, I just recently entered redhat.com in my web browser and haven't seen anything new on that matter totally. I am highly doubt that they are on that level, I mean to be bought by IBM just recently. Are you able to confirm it or give more details ?

 

[delhiboy1]

^ This is DONE. IBM bought them at 2X the market rate of the time in a cash+stock deal.