On Sun, 28 Oct 2018, 22:22 Chris Murphy, <lists@xxxxxxxxxxxxxxxxx> wrote:
On Sun, Oct 28, 2018 at 2:17 PM, Antonio Trande <anto.trande@xxxxxxxxx> wrote:
> "IBM to acquire Red Hat in deal valued at $34 billion"
>
> https://www.cnbc.com/2018/10/28/ibm-is-reportedly-nearing-deal-to-acquire-red-hat.html
Official press release.
https://www.redhat.com/en/blog/red-hat-ibm-creating-leading-hybrid-cloud-provider
The reported deal is $34 billion, and Red Hat's closing market cap on
Friday was ~$20 billion, that's a big price premium. I'm not a lawyer
let alone a securities lawyer, but my guess is if Red Hat management
had refused the deal, I think they'd face shareholder lawsuits. So
anyone looking to be mad, it would be completely understandable, but
this is basically a shareholder driven deal.
Also, "distinct unit" is vague and next to meaningless. Until
acquisition details are released, there's no way of knowing exactly
what level of autonomy Red Hat is going to have, let alone what it
means for CentOS and Fedora.
For what it's worth, SUSE and openSUSE have been through a few of
these over the years, and openSUSE is still kicking.
I hope many red hatters working in Fedora have stock and/or options!
/Andreas
--
Chris Murphy
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