[sf-lug] (forw) Re: IBM buying Red Hat for 34 billion

[Rick Moen]

----- Forwarded message from Bobbie Sellers <bliss-sf4ever at dslextreme.com> -----

Date: Sun, 28 Oct 2018 22:06:59 -0700
From: Bobbie Sellers <bliss-sf4ever at dslextreme.com>
To: Rick Moen <rick at linuxmafia.com>
Subject: Re: [sf-lug] IBM buying Red Hat for 34 billion
Reply-To: bliss-sf4ever at dslextreme.com
Organization: 0



On 10/28/18 7:46 PM, Rick Moen wrote:
> 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.
> 
> 

    Red Hat's announcement:
<https://www.redhat.com/en/blog/monumental-day-open-source-and-red-hat>

    Bobbie Sellers



----- End forwarded message -----