https://www.engadget.com/2018/10/28/ibm-buys-red-hat/ IBM buys Redhat to chase hybrid cloud.
Red hat dead πmost of the core os people will leave
194 per stock wow, time will tell how risky is this acquisition
This is terrible on so many levels. RIP Red Hat.
Now they are both dead.
This is bad news ....
RIP Red Hat. My OG Linux distro
Wtf. IBM shares are on multi year lows. So they decide to suspend share repurchases and instead engage in one of most expensive tech aquisitions ever, 10 years into a late bull cycle. Fcking dumb... Fire romnity already
I canβt stop laughing at this. Hilarious.
Now tell this layman what happens to his redhat stock he bought last week at 120?
It will be trading close to 190 tomorrow. No hurry, but just sell it. Don't hold it till deal closes for a couple of $. There is always risk a deal falls through, especially this one.
I believe it means you get a pony. Pretty sure that's how it works.
To thrive in cloud? Hahaha