0
IT

IBM buys Red Hat for USD 34 bln

Monday 29 October 2018 | 08:25 CET | News
Open source software provider Red Hat has accepted a takeover bid from IBM worth about USD 34 billion in cash, or USD 190.0 per share. IBM CEO Ginni Rometty called the deal a "game-changer," transforming the company into the world's number one hybrid cloud provider. Rommetty said that with Red Hat, IBM will be able to provide a full value open cloud service to help companies continue their move to the a hybrid multi-cloud, with expertise in key technologies such as Linux, containers, Kubernetes, multi-cloud and cloud management, and automation. IBM has been working with Red Hat for 20 years.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet / IT
Companies: Alibaba / Amazon / Google / Microsoft / Red Hat
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

IBM president Whitehurst announces departure

Published 05 Jul 2021 10:00 CET | World
IBM has announced the departure of president Jim Whitehurst, who joined the company when it bought Red Hat in late 2018. ...

IBM to spin off managed infrastructure services in new company

Published 08 Oct 2020 16:08 CET | World
IBM has announced plans to spin off its managed infrastructure business in a new company. This will allow IBM to focus on its ...

IBM and Red Hat launch new 5G edge services, partner ecosystem

Published 05 May 2020 10:23 CET | World
IBM has announced a range of new services and solutions backed by open source software provider Red Hat designed to help ...

Brazil's Antitrust imposes BRL 57 mln fine on IBM for irregular purchase of Red Hat

Published 12 Dec 2019 16:27 CET | Brazil
Brazil's Administrative Council for Economic Defence (Cade) has issued a BRL 57 million fine on IBM for completing the purchase ...

IBM receives fine from Brazil for irregular purchase of Red Hat

Published 15 Oct 2019 14:01 CET | Brazil
Brazil's Administrative Council for Economic Defense (Cade) has proposed to apply a maximum fine of BRL 60 million on IBM because ...

Brazil to vet IBM takeover of Red Hat again, EU gives approval

Published 28 Jun 2019 13:44 CET | Brazil
Brazil's Administrative Council for Economic Defense (Cade) revoked the decision taken by the General Superintendence of the body ...

Red Hat shareholders give green light to takeover by IBM

Published 17 Jan 2019 09:16 CET | World
Red Hat's shareholders have approved the company's takeover by IBM, in a deal worth USD 34 million. The vote took place during a ...

Red Hat brings out Ansible Tower 3.4

Published 14 Jan 2019 13:46 CET | World
Red Hat has announced the general availability of Red Hat Ansible Tower 3.4, a new version of its enterprise framework for ...

IBM appoints new head of Russian branch

Published 21 Nov 2018 14:58 CET | Russian Federation
IBM has appointed Iris Dzeba as the new head of its Russian branch, reports Cnews.ru. She has replaced Andrey Filatov, who had ...

Red Hat releases OpenStack Platform 14, launches VCO platform with Kaloom

Published 13 Nov 2018 16:23 CET | World
Red Hat announced Red Hat OpenStack Platform 14, the latest version of Red Hat's massively-scalable, cloud-native apps-ready ...





Calendar   /   Industry Events

28 Jul Telefonica Deutschland Q2 2021
28 Jul Facebook Q2
28 Jul Equinix Q2
28 Jul Spotify Q2 2021
28 Jul Cirrus Logic Q1
28 Jul Ribbon Communications Q2 2021
28 Jul Extreme Networks fiscal Q4
28 Jul Altice USA Q2
28 Jul Qualcomm fiscal Q3
28 Jul Ooredoo Q2 2021
29 Jul T-Mobile US Q2 2021
29 Jul Comcast Q2 2021
29 Jul Nokia Q2 2021
29 Jul Cellnex Q2 2021
29 Jul Hrvatski Telekom Q2 2021
29 Jul Airtel Africa Q2 2021
29 Jul Skyworks fiscal Q3
29 Jul Casa Systems Q2
29 Jul Citrix Systems Q2
29 Jul Amazon Q2
29 Jul BT fiscal Q1
29 Jul CyrusOne Q2 2021
29 Jul CoreSite Q2 2021
29 Jul American Tower Corp Q2 2021
29 Jul Fortinet Q2
29 Jul STMicroelectronics Q2 2021
29 Jul Millicom Q2 2021
29 Jul Samsung Electronics Q2 2021
29 Jul Poly fiscal Q1
29 Jul Telenet Q2 2021
29 Jul Liberty Global Q2 2021
29 Jul Consolidated Communications Q2
29 Jul Telefonica Q2 2021
29 Jul Orange Q2 2021
29 Jul Digital Realty Q2 2021
29 Jul Limelight Networks Q2 2021
29 Jul Vodacom fiscal Q1
::: More Calendar Items