IBM has agreed to acquire Red Hat Inc. for 33,4 billions of dollars. IBM will go on the market because it is interested in boosting the cloud.
Η International Business Machines Corp. will pay $190 per share in cash for Red Hat, a North Carolina-based software development company, according to a joint statement from the companies on Sunday.
"The acquisition of Red Hat is changing the game, changing everything about the cloud market," said Ginni Rometty, IBM President and CEO.
Rometty, 61, has been trying for years to steer a 107-year-old company into more modern businesses such as the cloud, artificial intelligence and security software.
In Results του τρίτου τριμήνου, η IBM απογοήτευσε τους επενδυτές που επιδιώκουν μεγαλύτερη πρόοδο μετά από έξι χρόνια πτώσης στις πωλήσεις που είχαν αρχίσει να παρουσιάζουν κέρδη νωρίτερα το 2018. Έτσι η αγορά της Red Hat θα δώσει στην IBM μια άμεση αύξηση του εισοδήματός της από την αγορά του cloud καθώς και μια σειρά από πολύ αξιόπιστα productthe software.
"We're going to magnify what Red Hat is doing deeper in many more businesses than they were able to have," Rometty told Bloomberg.
Revenue from Red Hat, which sells Linux-based software and services, is expected to exceed $ 3 billion for the first time this year as the company's Red Hat Enterprise Linux product attracts businesses from large customers. In the last quarter, the company reported a record 11 of over $ 5 million each and 73 of over $ 1 million, according to JMP Securities analyst Greg McDowell.
IBM promised to continue to increase the dividend and not to cut jobs after the deal.
So Red Hat makes IBM "a credible player in the cloud now – both in private and hybrid cloud," said its analyst Bloomberg Intelligence Anurag Rana.
Goldman Sachs Group Inc. and JPMorgan Chase & Co. advised IBM on the agreement and financing.
"Knowing first hand how important open source hybrid technologies are and how much they help businesses, we want to bring these two companies together," said JPMorgan CEO Jamie Dimon.
_________________________
- Linux: Corporate or Community? What is better;
- Sandbox added to Windows Defender Antivirus from today
- Meltdown and Specter: Why is Intel so secretive?
- TOP500 supercomputer the list of top for June of 2018
