[sf-lug] IBM buying Red Hat for 34 billion

[Ken Shaffer]

>From the NY Times:
The purchase, announced on Sunday afternoon, is the latest competitive
step among large business software companies to gain an edge in the
fast-growing market for Internet-style cloud computing. In June,
Microsoft acquired GitHub, a major code-sharing platform for software
developers, for $7.5 billion. IBM said its acquisition of Red Hat was
a move to open up software development on computer clouds, in which
software developers write applications that run on remote data
centers.