• IBM is betting the farm on Red Hat - and it better not mess up

    17 days ago - By Tech Crunch

    Who expects a $34 billion deal involving two enterprise powerhouses to drop on a Sunday afternoon, but IBM and Red Hat surprised us yesterday when they pulled the trigger on a historically large deal .
    IBM has been a poster child for a company moving through a painful transformation. As Box CEO Aaron Levie put it on Twitter, sometimes a company has to make a bold move to push that kind of initiative forward:
    Brilliant move by IBM. Transformation requires big bets, and this is a good one.
    - Aaron Levie October 28, 2018
    They believe they can take their complex mix of...
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  • IBM is paying a 'rich valuation' for Red Hat

    IBM is paying a 'rich valuation' for Red Hat

    17 days ago - By Business Insider

    IBM announced Sunday that it has struck a deal to acquire the cloud-software company Red Hat for $34 billion.
    IBM said it will pay $190 a share in cash - a more than 60% premium above Red Hat's closing price on Friday.
    The "rich valuation" will discourage anyone else to make a higher bid, Jefferies analyst John DiFucci said.
    Watch IBM and Red Hat trade live here.
    IBM shares were sliding early Monday, down about 4%, after the tech giant announced on Sunday that it had agreed to acquire the cloud-software company Red Hat for $34 billion.
    IBM said it will pay $190 a share in cash - a more...
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  • IBM is paying a 'rich valuation' for Red Hat

    IBM is paying a 'rich valuation' for Red Hat

    17 days ago - By Business Insider

    IBM announced Sunday that it has struck a deal to acquire the cloud-software company Red Hat for $34 billion.
    IBM said it will pay $190 a share in cash - a more than 60% premium above Red Hat's closing price on Friday.
    The "rich valuation" will discourage anyone else to make a higher bid, Jefferies analyst John DiFucci said.
    Watch IBM and Red Hat trade live here.
    IBM shares were sliding early Monday, down about 4%, after the tech giant announced on Sunday that it had agreed to acquire the cloud-software company Red Hat for $34 billion.
    IBM said it will pay $190 a share in cash - a more...
    Read more ...

     

  • Red Hat jumps, IBM shares dip on cloud mega-merger

    Red Hat jumps, IBM shares dip on cloud mega-merger

    17 days ago - By Reuters

    IBM Corp's $34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids.
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  • IBM and Red Hat, Merkel Decision, Boeing Crash: CEO Daily for October 29, 2018

    17 days ago - By Fortune

    Good morning.
    "This is a huge day. It absolutely resets the cloud landscape." That's what IBM CEO Ginni Rometty told me yesterday, shortly after announcing her blockbuster $34 billion deal to acquire open-source software provider Red Hat, which will likely define her legacy at the 107-year-old computer company. "We will be the number one hybrid cloud provider."
    I asked what she could do as Red Hat's owner that she couldn't have done as its long-time partner. Her answer: "This will accelerate the customer journey to the cloud." Big companies have only moved about 20% of their work to the...
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  • IBM Red Hat, Netflix Paid Leave, JC Penney CEO: Broadsheet October 29

    17 days ago - By Fortune

    Good morning, Broadsheet readers! Ginni Rometty doesn't plan to step down as IBM CEO anytime soon, Netflix's paid family leave policy isn't as good as it sounds, and what you think of the economy may depend on your gender. Have a mindful Monday.
    EVERYONE'S TALKING Econ 101. Given last week's stock market plunge, this new research on the difference in how men and women view the U.S. economy seems particularly apt.
    Historically, there's been little gap in how the genders perceive the state of the economy. But that changed after the election of President Trump, reports the New York Times...
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  • IBM buys Red Hat for $34 billion

    17 days ago - By Fast Company

    It's the largest software acquisition in history.
    The price makes it the largest software acquisition in history. IBM confirmed it was buying the Linux enterprise open source provider for $190 per share in cash. That marks a 63% premium over Red Hat's closing price on Friday. Red Hat offers one of the most popular versions of the Linux operating system and charges fees to corporate clients for maintenance and custom features-making a bulk of its money off of recurring subscriptions revenues.
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  • IBM CEO Ginni Rometty Says $34 Billion Deal for Red Hat Will ‘Reset the Cloud Landscape'

    17 days ago - By Fortune

    "This is a huge day. It absolutely resets the cloud landscape." That's what IBM CEO Ginni Rometty told me on Sunday, shortly after announcing her blockbuster $34 billion deal to acquire open-source software provider Red Hat, which will likely define her legacy at the 107-year-old computer company. "We will be the number one hybrid cloud provider."
    I asked what she could do as Red Hat's owner that she couldn't have done as its long-time partner. Her answer: "This will accelerate the customer journey to the cloud." Big companies have only moved about 20% of their work to the cloud, she said...
    Read more ...