Fri. Aug 7th, 2020

IBM completes acquisition of Red Hat

1 min read

On July 9, local time, IBM announced that it would eventually complete the acquisition of Red Hat for $34 billion.
The deal was announced last October, as the largest transaction in IBM’s 100-year history of glorious history. It is also the third largest transaction in the history of the US scientific and technological community and the largest transaction in the open source world. The news has attracted widespread attention.

IBM acquires Red Hat

IBM hopes to combine Red Hat’s open hybrid cloud technology’s power and flexibility with the scale and depth of IBM’s innovation and industry expertise to deliver the next-generation hybrid cloud platform based on Linux and Kubernetes Open source technology that allows organizations to securely deploy, run, and manage data and applications locally and on private and multiple public clouds.

IBM also emphasizes its commitment to maintaining Red Hat’s independence, neutrality, culture, and industry partnerships, providing customers, partners with freedom, choice and flexibility, and Red Hat’s strong commitment to open source will remain unchanged after the acquisition. Red Hat will operate independently as an IBM Hybrid Cloud team. Through this acquisition, IBM will continue to focus on Red Hat’s open governance, open source contributions, participation in open source communities and development models, and the promotion of its broad developer ecosystem. In addition, through its patent commitments, GPL partnership commitments, OIN and LOT networks, IBM and Red Hat will continue to be committed to continuous open source freedom.