IBM Gets Red Hat for $34 Billion

1. How much did IBM acquire Red Hat for?
2. Why did IBM buy Red Hat?
3. Who sold Red Hat to IBM?
4. Did IBM overpay for Red Hat?
5. Is Redhat owned by IBM?
6. Who bought out IBM?
7. Does IBM own Linux?
8. Can Redhat save IBM?
9. How does Red Hat make money?
10. Why Red Hat Linux is not free?
11. Is Red Hat Linux still used?

How much did IBM acquire Red Hat for?

IBM's massive $34 billion acquisition of Red Hat closed a few weeks ago and today, the two companies are now announcing the first fruits of this process. For the most part, today's announcement furthers IBM's ambitions to bring its products to any public and private cloud.

Why did IBM buy Red Hat?

Joining forces with IBM gives Red Hat the opportunity to bring more open source innovation to an even broader range of organizations and will enable us to scale to meet the need for hybrid cloud solutions that deliver true choice and agility."

Who sold Red Hat to IBM?

IBM closed its $34 billion acquisition of Red Hat, the companies announced Tuesday. Shares of IBM were down less than 1% in late-morning trading. The deal was originally announced in October, when the companies said IBM would buy all shares in Red Hat for $190 each in cash.

Did IBM overpay for Red Hat?

That's what IBM's October 29 deal is to pay $33 billion -- a 63% premium over its close on October 26 -- to acquire open source software maker Red Hat, according to CNBC.

Is Redhat owned by IBM?

On July 9th, 2019 Red Hat announced that they closed the landmark acquisition by IBM. Briefly, IBM will acquire all of the issued and outstanding common shares of Red Hat for $190,00 per share in cash, representing a total enterprise value of approximately $34 billion.

Who bought out IBM?

In 2014, IBM announced it would sell its x86 server division to Lenovo for $2.1 billion.

Does IBM own Linux?

In January 2000, IBM announced that it was adopting Linux and would support it with IBM servers, software and services. ... In 2011, Linux is a fundamental component of IBM business—embedded deeply in hardware, software, services and internal development.

Can Redhat save IBM?

Whitehurst will turn IBM into Red Hat, which will take HQ to North Carolina and mean most of the remaining GBS staff will be gone in a year... It still won't save IBM.

How does Red Hat make money?

Originally Answered: how does redhat make money? Red Hat sells their customers (companies, primarily) the right to download Red Hat Linux (and its updates, which are frequent and important) from their servers, along with associated technical support.

Why Red Hat Linux is not free?

Well, the "not free" part is for officially supported updates and support for your OS. In a big corporate, where uptime is key and MTTR has to be as low as possible - this is where commercial grade RHEL comes to the fore. Even with CentOS which is basically RHEL, the support is not as good Red Hat themselves.

Is Red Hat Linux still used?

Red Hat Linux was discontinued. Red Hat Entrerprise Linux is the most revelant Linux distribution on IT bussines. ... If you're using Red Hat Enterprise Linux 6.2 then you're using a modern and up-to-date version of Red Hat's most current stable version of Linux.