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

[Rick Moen]

Quoting aaronco36 at sdf.org (aaronco36 at sdf.org):

> Am currently writing this from today's BerkeleyLUG meetup, and Rick M [1]
> is _really and actually_ sitting just to my left.

Boo!  (I'm now back home, though.)

> According to the Bloomberg article 'IBM to Acquire Linux Distributor Red
> Hat for $33.4 Billion'[3], this news is an "acquisition".
> But according the IBM news release at [4] and Red Hat Inc's own news
> release at [5], this acquisition is more of a partnership.
> 
> Just sayin'....

More than interesting.  The Bloomberg report
(https://www.bloomberg.com/news/articles/2018-10-28/ibm-is-said-to-near-deal-to-acquire-software-maker-red-hat)
says this is a _cash_ acquisition, the tender offer being at $190/share,
which is a huge premium over the stock's closing market price of
$116.68/share on Friday.  The Bloomberg reporters claim this is IBM's 
move to quickly get into cloud computing.