IBM to acquire Red Hat for $34 billion

[Redaktion]

In a deal valued at US $34 billion, IBM will acquire Red Hat, the organization behind Red Hat Enterprise Linux, Fedora, and CentOS. IBM is buying Red Hat in order to compete in the cloud computing market against the likes of Amazon Web Services, Microsoft Azure, and others. IBM has stated that Red Hat will operate as an independent unit with IBM's Hybrid Cloud team and will continue Red Hat's commitment to open source software.

https://www.notebookcheck.net/IBM-to-acquire-Red-Hat-for-34-billion.347111.0.html

[colt-lemon-pluck]

Bad news everyone, Corporations just getting bigger.