IBM buys Linux giant Red Hat to thrive in the cloud

    Date28 Oct 2018
    CategoryLatest News
    1463
    Posted ByBrittany Day
    IBM isn't a stranger to Linux by any stretch, but it might just become one of the platform's strongest supporters in the near future -- and shake up the cloud landscape, for that matter. IBM has announced a deal to buy Linux giant and open source enterprise software developer Red Hat for the equivalent value of $34 billion. Provided it clears regulatory hurdles, the acquisition should close in the second half of 2019. If you ask IBM, the deal is all about the cloud. It expects to become the world's leading "hybrid cloud provider" (that is, a mix of local and outside cloud services) and will treat Red Hat as a "distinct unit" inside its Hybrid Cloud group. It also expects to use Red Hat's open source roots to its advantage -- in theory, this encourages companies to move to the cloud when they'd otherwise be wary of being locked in.
    You are not authorised to post comments.

    LinuxSecurity Poll

    What is your favorite LinuxSecurity.com feature?

    No answer selected. Please try again.
    Please select either existing option or enter your own, however not both.
    Please select minimum 0 answer(s) and maximum 3 answer(s).
    /component/communitypolls/?task=poll.vote&format=json
    17
    radio
    [{"id":"65","title":"Feature articles","votes":"0","type":"x","order":"1","pct":0,"resources":[]},{"id":"66","title":"News","votes":"1","type":"x","order":"2","pct":100,"resources":[]},{"id":"67","title":"HOWTOs","votes":"0","type":"x","order":"3","pct":0,"resources":[]}]["#ff5b00","#4ac0f2","#b80028","#eef66c","#60bb22","#b96a9a","#62c2cc"]["rgba(255,91,0,0.7)","rgba(74,192,242,0.7)","rgba(184,0,40,0.7)","rgba(238,246,108,0.7)","rgba(96,187,34,0.7)","rgba(185,106,154,0.7)","rgba(98,194,204,0.7)"]350
    bottom200

    We use cookies to provide and improve our services. By using our site, you consent to our Cookie Policy.