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#1 2018-10-28 20:39:21

twoion
ほやほや
Registered: 2015-08-10
Posts: 2,238

IBM acquires RedHat

Press release: https://www.redhat.com/en/about/press-r … d-provider

Via: https://news.ycombinator.com/item?id=18321884

This is very newsworthy as far as Linux is concerned. Witness the power of a powerful corporation: Just acquired a majority share in the Linux enterprise market.

It seems the deal can only close when RH shareholders approve it. So let's see how it goes. But I suppose since those shareholders are going to make mad money, I think it'll go through.


Im grünen Wald, dort wo die Drossel singt…

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#2 2018-10-28 20:58:25

malm
jgmenu developer
Registered: 2016-10-13
Posts: 231
Website

Re: IBM acquires RedHat

Wow.

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#3 2018-10-28 21:40:29

DeepDayze
Member
From: In Linux Land
Registered: 2017-05-28
Posts: 544

Re: IBM acquires RedHat

Good move by IBM I shall say and will be watching this.


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#4 2018-10-29 04:07:51

johnraff
nullglob
From: Nagoya, Japan
Registered: 2015-09-09
Posts: 4,681
Website

Re: IBM acquires RedHat

Redhat, or their employees, have contributed massively to the modern Linux desktop, and the kernel.
Fingers crossed that nothing goes wrong.


John
--------------------
( a boring Japan blog , Japan Links, idle twitterings  and GitStuff )
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#5 2018-10-29 09:43:16

iMBeCil
WAAAT?
From: Edrychwch o'ch cwmpas
Registered: 2015-09-29
Posts: 524

Re: IBM acquires RedHat

Linus accepts CoC (kernel) ... Linus take a (short?) 'leave' ... seems connected to this acquisition!?

What will happen to Linux kernel, I wonder? And to kvm virtualization? I'm scared a bit.


Postpone all your duties; if you die, you won't have to do them ..

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#6 2018-10-30 18:26:23

ohnonot
...again
Registered: 2015-09-29
Posts: 3,201
Website

Re: IBM acquires RedHat

^ i think that's thinking too much into it.
also Linus definitely isn't gone from kernel developing, i think he actually already "came back" some weeks ago.

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#7 2018-10-30 18:41:41

iMBeCil
WAAAT?
From: Edrychwch o'ch cwmpas
Registered: 2015-09-29
Posts: 524

Re: IBM acquires RedHat

^I hope you are right.

But, somehow I think this acquisition has been 'cooking' for some time, and one requirement from IBM were that Linus starts to 'behave'.

Anyway, that's only my uneducated opinion ... let's wait and see.


Postpone all your duties; if you die, you won't have to do them ..

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#8 2018-10-30 22:38:20

hhh
That's easy!
Registered: 2015-09-17
Posts: 6,142
Website

Re: IBM acquires RedHat

Stocks are crazy right now in general. This announcement led to an initial tech-stock bounce but the amount of debt IBM is taking on to close this deal has investors worried...

https://www.barrons.com/articles/red-ha … 1540920513

https://www.forbes.com/sites/petercohan … 8fa893832d

Analysts are saying the main reason for the acquisition is to revitalize IBM by giving them a bigger foot in the door against Amazon, Microsoft and Google in the sector of cloud computing...

https://gadgets.ndtv.com/internet/opini … ss-1939827

So what I'm getting from the conjecture is that this is quite a big risk for IBM that they feel is necessary to move the company forward.

I hate corporate politics, someone wake me when it's over.

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#9 2018-10-30 23:00:12

cloverskull
Member
Registered: 2015-10-01
Posts: 301

Re: IBM acquires RedHat

Playing devil's advocate here, and not showing my hand fully about which side of things I fall on, I suppose it's reasonable to some extent to suggest that not all of this is bad.

Consider M$ buying GitHub. GitHub offered free services for a lot of projects and became vital. Most people never paid them a dime. The people responsible for the blood/sweat/tears to bring GitHub to fruition were rewarded when M$ bought them.

RedHat was previously a free distro, then they forked into RHEL and started an entire industry which now powers an absurd amount of our digital lives. The fact that they're getting a chance to cash in because IBM wants a piece doesn't seem so terrible to me either.

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#10 2018-10-30 23:09:55

damo
....moderator....
Registered: 2015-08-20
Posts: 4,397

Re: IBM acquires RedHat

^ RedHat "cashed in" to the tune of $2.5B last year, I read. So they were doing OK already!


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#11 2018-10-30 23:21:38

hhh
That's easy!
Registered: 2015-09-17
Posts: 6,142
Website

Re: IBM acquires RedHat

Yes, but their stock has hugely surged to an all-time high with this announcement. IBM's have slipped due to the debt concerns.

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#12 2018-10-31 11:46:13

earlybird
ほやほや
Registered: 2015-12-16
Posts: 608
Website

Re: IBM acquires RedHat

hhh wrote:

Yes, but their stock has hugely surged to an all-time high with this announcement. IBM's have slipped due to the debt concerns.

That's because if IBM buys shares at $70 above today's market value, you get a guaranteed return of ~7-10% over 1y on your investment (note:depending on when you bought that stock) which is not bad at all esp. when it comes to stock and the current US stock market. It's free money.

I think there still was the issue of shareholder approval at RH, but because as I already said everybody's about to make mad money, I don't see why the shareholders of RH would move against this.

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#13 2018-10-31 13:46:00

bigbenaugust
Member
From: unc.edu / the 919 / KIGX
Registered: 2017-05-20
Posts: 99

Re: IBM acquires RedHat

As a RH customer and OpenShift admin at the office, this will get interesting. Eventually.
The merger isn't expected to close for nearly a year.

It's funny, though, the procession of major OS vendors here has been:
IBM -> Sun -> RedHat ... and then IBM buys them up.


--Ben
BL / MX / Raspbian... and a whole bunch of RHEL boxes. :)

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#14 2018-11-01 10:59:12

glittersloth
...always giving it to you straight
Registered: 2015-09-30
Posts: 658

Re: IBM acquires RedHat

Well, better IBM than Oracle, I suppose.
The key for many (both open source and commercial) here will be waht happens to CentOS down the line.

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