| Headlines |
| 2019-07-09 |
IBM completes Red Hat purchase |
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Late last year we reported that Red Hat was in the process of being purchased by IBM. Red Hat has now confirmed that the sale has concluded. "IBM and Red Hat announced today that they have closed the transaction under which IBM acquired all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total equity value of approximately $34 billion."
Matthew Miller of the Fedora project published a post on Fedora Magazine in which he states the acquisition will have no impact on the development of Fedora. "Today marks a new day in the 26-year history of Red Hat. IBM has finalized its acquisition of Red Hat, which will operate as a distinct unit within IBM. What does this mean for Red Hat’s participation in the Fedora Project? In short, nothing."
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