This Monday (29 Oct) IBM announced that it would pay a record $34 billion in cash and debt to acquire enterprise open source provider Red Hat.
Eclipsing Microsoft’s $26.2 billion acquisition of LinkedIn, this is the biggest software acquisition in history. It’s not the biggest tech acquisition ever, though, as that title belongs to Dell’s $67 billion buyout of data storage business EMC.
During RedHat Summit (May) 2018, there was a press release about long-standing relationship between IBM and Red Hat to benefit the combined power of both companies’ technologies in private and public clouds. Ref: https://www.redhat.com/en/about/press-releases/ibm-and-red-hat-join-forces-accelerate-hybrid-cloud-adoption
https://www.redhat.com/en/about/press-releases/ibm-and-red-hat-join-forces-accelerate-hybrid-cloud-adoption
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