IBM to buy Red Hat in deal valuing the open-source software company at $34bn

clock • 3 min read

Red Hat governance, brands, headquarters and facilities to be retained under IBM ownership

IBM is to acquire Red Hat in an all-cash deal valuing the open-source software and services company at $34 billion, a premium of 63 per cent compared to Red Hat's closing share price on Friday. ...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
UK AI Safety Institute releases 'Inspect' toolset to evaluate AI models

Artificial Intelligence

It will be available under an open source MIT licence

clock 13 May 2024 • 3 min read
'Levelling up cybersecurity is a team effort,' says Jacob DePriest of GitHub

Open Source

But security starts with developers, and AI isn’t going to replace them

clock 09 May 2024 • 5 min read
IBM in court bid to shut down Software-Defined Mainframe threat to its 'big iron' gravy train

Legislation and Regulation

IBM claims that LzLabs’ IBM-compatible mainframe-in-the-cloud infringes its intellectual property rights

clock 29 April 2024 • 3 min read

More on Software

The social engineering of the self: How AI chatbots manipulate our thinking

The social engineering of the self: How AI chatbots manipulate our thinking

We need structured public feedback to better understand the risks, says red teamer Rumman Chowdhury

John Leonard
clock 27 October 2023 • 4 min read
AI doesn't care what you think

AI doesn't care what you think

Want to understand hallucinations? Look at your family

Professor Peter Cochrane
clock 26 October 2023 • 3 min read
IT Essentials: The fungal IT network

IT Essentials: The fungal IT network

Shadow IT grows best in darkness and solitude

Tom Allen
clock 16 October 2023 • 2 min read