Friday Five — July 12, 2019

IN THE NEWS:

IBM Closes Landmark Acquisition of Red Hat for $34 Billion; Defines Open, Hybrid Cloud Future

IBM and Red Hat announced this week that they have closed the transaction under which IBM acquired all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total equity value of approximately $34 billion. The acquisition redefines the cloud market for business.

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RECOMMENDED READING:

Q&A: IBM's Landmark Acquisition of Red Hat

By joining forces with IBM, [Red Hat's] reach into customers will dramatically increase so we'll be in a position to drive open enterprise technology a lot further. Now existing IBM customers will have even more direct access to next-generation open source-based technologies that are at the cornerstone of hybrid cloud innovation.

 

 

CHECK IT OUT:

Jim Whitehurst email to Red Hatters on Red Hat + IBM acquisition closing

This week, we announced the close of Red Hat's acquisition by IBM. Jim Whitehurst, Red Hat's president and CEO, shared the following email with all of our associates around the world.

GOOD READ:

TechRepublic - IBM's big deal for Red Hat gives it a chance to reshape open source

Enterprises desperately need help navigating their on-premises present with their cloud future. In this market, Red Hat/IBM has a real opportunity to win big.

WATCH THE VIDEO:

Bloomberg TV - IBM CEO Says Red Hat Deal Is About the 'Hybrid-Cloud'

IBM closes a $34 billion deal to buy Red Hat. IBM CEO Ginni Rometty and Red Hat CEO James Whitehurst talk to Bloomberg's David Westin about the merger.